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Mount Property Purchases Liverpool Student Development

Posted by Richard Ward in

Image courtesy of Flickr, Creative Commons

Mount Property Group plans to deliver 124 units of student accommodation in Devon Street, Liverpool.

The development was acquired by Mount Property Group for an undisclosed price and is expected to be completed by September 2019.

The project was designed by Falconer Chester Hall and received planning permission in December last year. Under the plans the development will consist of 44 studio apartments and eight clusters of 10 beds each.

The site is currently being used as a car park, but work on the scheme is due to begin in the coming months.

The development marks one of several announced in the area, with YPG having received permission to build nearly 600 student flats in Gildart Street.

On top of the Devon Street project, Mount was also understood to have been an option to purchase Anwyl Construction's £35m, 556-bed scheme in Norton Street.

A spokesperson for Mount Property said of the latest development: "This is an exciting time for Liverpool Knowledge Quarter. The city centre population has doubled in the past decade, due in large part to the huge increase in its student body. Official figures published in 2016 showed that over two thirds of Liverpool's city centre population were between the ages of 17 and 29. An enormous number of these are students."

"We are pleased to be adding energy, investment and accommodation to Liverpool's academic hub and doing our bit to contribute to the city's position as the fastest growing economy in the Government's Northern Powerhouse scheme."