Progress Slows in Closing the Attainment Gap
7th Dec 2018
Construction work has begun on the redevelopment of St Leonard's House, a grade 2 listed building situated in the centre of Lancaster.
Robertson North West are on site to commence the construction of a 179-bed block of student accommodation.
The scheme is due for completion in time for the 2019-20 academic year and will see the former council offices transformed into self-contained studios and en-suite cluster rooms. The accommodation will also come equipped with a communal kitchen area, common room and a gym.
The development was granted planning permission in early 2017 and has been forward funded on the basis of a completion value of £14.3m, representing a net initial yield of 6%.
Commenting on the scheme, Ross McNulty, Development Director at Robertson Property, said: "This project will revitalise this historic building by retaining many of its original features. With a high student population, in Lancaster, this building will provide a high quality of accommodation and improve the city's student accommodation offering."
7th Dec 2018
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