Students to Face Even Higher Interest Rate Charges After RPI Increase
20th Apr 2018
Construction firm Keir has been appointed by the University of Warwick to deliver an 828-bed student development as part of the Cryfield Student Village project located on the edge of Coventry.
The scheme will see five existing buildings being demolished, which currently make up the Redfern halls of residence.
The new village will consist of townhouses and cluster blocks, in addition to a village hall building containing offices, a launderette, a post room and student meeting areas.
The project forms part of a capital projects investment programme, that will see an average of £59 million being spent each year from 2010 to 2020.
The first batch of students are due to move into the student village from 2019, with the entire scheme completed by Christmas 2020.
Commenting on the project, Mark Pausey, Kier Construction Central managing director, said: "This £57million win is another significant award for Kier in student accommodation and takes the total number of rooms we're currently providing for the university to over 1,000."
"The demand for student accommodation across the UK has been increasing 17% year on year and this latest scheme builds on our excellent track record in the higher education sector including projects with the University of Northampton and University of Lincoln."
"We are looking forward to continuing our strong working relationship with the University to deliver this key redevelopment which will help meet this rise in demand."
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