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Work Starts on Stirling’s First PBSA

Posted by Richard Ward in

Image courtesy of Flickr, Creative Commons

Construction work has started on behalf of Maven Capital Partners that will create Stirling's first purpose-built student accommodation (PBSA).

The development will consist of 123 studios, 8 one-bedroom apartments and 76 two and three bed en-suite cluster flats.

The £18.2 million scheme will have easy access to the town centre and its transport links to the University. The building will also come equipped with a cinema, gym, games room, laundry facilities, as well as private student rooms.

Work is being carried out by Ogilvie Construction, with managing director Donald MacDonald saying: "We are proud to have been chosen to deliver bespoke student accommodation building that will offer much needed high-quality living for Stirling students. Our team has extensive experience and expertise in this sector and has successfully completed a number of similar projects around the country."

Meanwhile, Paul Johnston, investment director at Maven, said: "Stirling has one of the most acute shortages of student accommodation in the UK, with no private PBSA market to support the continued growth of the university. Maven is excited to be working on this landmark development which will help ease pressure on local housing stock and assist the University of Stirling to continue to attract the highest calibre students and postgraduates to the city. We are also very pleased to be once again working with Stirling-based Ogilvie Construction and their supply chain to the benefit of the local economy."