Unite Students have snapped up a site in the centre of Liverpool at a cost of £70 million. The site currently has planning consent for 713 bedrooms.
Despite this consent Unite is planning a development fit for 1,000 students that they hope will open at the start of the 2019/2020 academic year. In order to achieve this they are planning to submit a new application to the council. This will also involve downgrading the studio-style apartments that were approved in the previous application to a lower-cost form of room.
Liverpool student accommodation has had a big 12 months, with many applications passing the approval process and the council even convening to discuss what many have described as a looming oversupply. Unite themselves already own 10 residences in the city and it's Grand Central development even borders the new site.
Managing Director of Unite, Richard Simpson, has said of the new development, Â“We are delighted to have acquired this site in Liverpool for delivery in 2019 to add to our existing portfolio in the city. We will continue our progress on our secured pipeline in regional locations with strong student markets.Â”