Covid-19 Impacts PBSA Valuation
27th Jan 2021
The proposals call for the construction of 114 student rooms, which would be built over the St Matthew's Centre for the Cambridge School of Visual & Performing Arts in New Street.
The scheme would be held up overhead by wooden stilts and would also provide a new cafe area for the adjacent park.
According to the developers: "The constraints of this unusual site require a novel approach to retain the existing building, respect the open space, and preserve the mature trees surrounding the site."
Under the plans, the building would be three storeys tall with an additional level set back and would be raised off the ground by 6.5 metres.
If the application was granted planning permission, construction is expected to start in 2021 and take 14 months to complete.
A spokesperson for the development team said of the scheme: "The St Matthew's Centre is identified as a potential development site by Cambridge City Council. Its careful redevelopment will generate additional funds to invest in the neighbouring St Matthew's Piece and help meet the challenge of accommodating Cambridge's student population."
It is hoped the professionally managed purpose-built student accommodation (PBSA) will also help ease pressure on existing house stock.
27th Jan 2021
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