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Study Inn Announces £20m Investment

Posted by Richard Ward in

Image courtesy of Flickr, Creative Commons

Study Inn Group has announced a £20 million investment to regenerate a landmark building in Loughborough.

The company already manages more than 1,800 student bedrooms across the country and has acquired the former JobCentre building in Lemyngton Street with plans to turn it into more than 200 serviced rooms.

The new accommodation will be managed under the Study Inn brand and talks are already underway with Charnwood Borough Council's Planning and Inward Investment departments with the goal of opening the site by the start of the 2019-20 academic year.

Study Inn began in Coventry in 2009 and manages 850 student beds in the city.

Commenting on the plans, co-founder Kieran Leahy, said: "We are proud of the work we do and the benefits it can bring to towns and cities and we are actively growing our portfolio."

"We work very closely with local authorities and our business model offers tangible benefits in terms of regeneration, job creation, adding vibrancy to city centres and graduate retention."