Property group acquires Sheffield student site
Liverpool-based property development and investment firm, Mount Property Group, has bought its first Sheffield site.
The site, acquired for an undisclosed sum, is close to Fitzalan Square, and next to the Sheffield Hallam Institute of Arts building on Pond Street in Sheffield city centre.
It has been purchased with planning permission for 241 student units consisting of 228 en-suite rooms and 13 studios, with ground floor amenity spaces including a student reception area, study lounge, coffee shop and bike store.
Following the announcement, enabling works are planned to start in the first quarter of 2020 with a planned completion date for the September 2021 academic year.
The name for the scheme is to be called ‘Vista’ and will launch for sale in January.
Mount Property Group managing director Michael Chrysokhou said: “Sheffield is a fantastic university city with growing numbers of students and a continued shortage of high quality student accommodation in the city centre.
“In such a central location, so close to Sheffield Hallam, we can’t wait to start work on the site and bring Mount Student to the city.”
Mount Property Group was founded in 2012 with the aim of creating exceptional buildings in prime city centre locations across the UK. It said it offers its investors high yielding opportunities and its end users high-quality properties.
The group has created subsections within the business to ensure full control of the build process, with Mount Construction and its Mount Students division maintaining the quality and standards expected of the group.
