Date: 6th November, 2023
Source: Lancaster Guardian
Key highlights:
- Property firm Nido will manage 790 student flats in Lancaster and Leeds, expected to open in September 2025.
- The Lancaster scheme will provide 388 studios, and the Leeds scheme will provide 402 studio apartments.
- Both developments will offer a range of amenities, including games and cinema rooms, common areas, yoga studios, and gyms.
- The appointment of Nido demonstrates the developers’ understanding of the importance of delivering a best-in-class and differentiated residential experience for students.
- Nido has a proven track record in developing and managing student accommodation, with a current portfolio of 9,000 beds across Denmark, Ireland, the Netherlands, Portugal, Spain, and the U.K.
News In Detail:
According to Place North West, a real estate company is set to oversee 790 student apartments spread across two projects in Lancaster and Leeds. These new accommodations are due to be ready by September 2025.
Nido has teamed up with a collaborative project between Primus Property Group and H.I.G. Realty Partners. They will work together on the design and ongoing management of two new student accommodation developments.
Last month, it was revealed that Maslow, a finance provider, will contribute £32m toward the development of the Lancaster flats. Once the project off Bulk Road is complete, it will offer 388 new studio apartments.
The riverside project, which got the green light in November 2022, is the brainchild of Tim Groom Architects. It features two housing blocks.
Maslow will support the Leeds project with a hefty £36m investment. This exciting plan will introduce 402 new studio apartments along Regent Street, just a leisurely 15-minute stroll from the city center.
These two developments will spoil you with a variety of amenities. Imagine accessing game rooms, movie theaters, common hangout areas, tranquil yoga studios, and fully-equipped gyms!
Nido’s C.E.O., Darren Gardner, commented: “There’s a lot more demand than supply in the U.K. student housing market. Most students are in dire need accommodations that prioritize professional management and a focus on wellbeing, but they aren’t being catered to in the way they should be.”
“Our involvement in these two essential projects showcases the deep comprehension H.I.G. and Primus Property Group have about the significance of providing a top-notch, unique living experience for students. Moreover, it acknowledges our proficiency in aiding them in accomplishing this goal.”
Duncan Melville, a director at Primus Property Group, shared his thoughts: “By engaging with Nido early as we develop our schemes, we can better incorporate technology and sustainable design. This approach ensures a positive impact for the students living in our buildings.”
“We rely on Nido to craft joy-filled, welcoming spaces and student communities that focus on wellbeing. This is a crucial part of how we manage our resources.”
Nido has come a long way since it was formed in 2007. Today, it is recognized as a top-notch leader in its field, involved in the development and management of over 12,000 beds throughout the U.K. and Europe. Its current portfolio includes a whopping 9,000 beds, with 4,000 more in the pipeline. Its presence extended to various countries such as Denmark, Ireland, the Netherlands, Portugal, Spain, and, of course, the U.K.
In Conclusion:
The opening of the two new schemes in 2025 will help to address the shortage of student accommodation in the U.K. and provide students with more choice and flexibility when it comes to finding a place to live.
