Unite Purchase Development Site in Nottingham

Posted by Richard Ward in

Image courtesy of Flickr, Creative Commons

Unite Group has confirmed the acquisition of a new 620-bed development site in Nottingham.

The scheme is still subject to planning but the direct let development is due to open in time for the 2022-23 academic year.

Total development costs are estimated to be £48 million, delivering a development yield in line with the company's stated targets.

The site will increase Unite's presence in the city, which should bring operational efficiencies.

The new site forms part of the company's ongoing target of maintaining a development pipeline of circa 2,000 beds a year and will be funded from internally generated sources.


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