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£100m Student Accommodation Scheme Goes Ahead

Posted by Richard Ward in ,

Image courtesy of Flickr, Creative Commons

The UK developer Watkins Jones has been given the green-light to begin construction on a £100m student accommodation development project located in Stratford, London.

In a recent stock exchange announcement, it was revealed that the redevelopment of Duncan House, which can be found on Stratford High Street has been giving the go-ahead.

The accommodation block will consist of 511 beds, split into 91 studios and 420 beds and room for 44 residential units as well as 30,000 sq ft of academic space. The development will consist of 33-storeys and follows a number of other student accommodation blocks that have sprung up in the area.

It's understood that the property developer is already in advanced negotiations to forward sell the student part of the development to the University of London, whilst the residential units will be sold off separately.

According to Chief Executive Officer Mark Watkins Jones, expectations are that they will be on site by the end of 2016, with the scheme due to be completed in 2019.