Ahli United Bank Acquire Durham Student Accommodation
25th Sep 2018
Sheffield city councillors have given the go ahead to two major student housing developments in the city.
Located in Ecclesall Road and Hollis Croft, the two student accommodation developments will be able to accommodate more than 1,000 students.
Despite the council raising concerns over the scale and demand for student housing, they approved both schemes. Councillor Peter Price acknowledged comments from local residents who were concerned about the influx of students into their communities, and the possible surplus of student rooms.
However, Mr Price said the council had changed the emphasis of its policy on student accommodation to promote purpose-built schemes located in the city centre, and move away from using shared homes in residential areas. Councillor Price said: "This will relieve the pressure on Broomill, Crookes and Walkley, and those family areas that over the past 10 years that have seen the balance shift towards students."
Once built Hollis Croft will stand 18-storeys tall, while the Ecclesall Road's tallest block will have 11 storeys, after the council previously rejected plans for 12.
Brookfield Student Real Estate will develop the Hollis Croft site, and will spend up to £60 million on the project, which will also include commercial space and new pedestrian links, while Hallminster Ltd will develop the student flats on Ecclesall road.
25th Sep 2018
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