Unite and Travis get consent for London site
Published: 03 August, 2011
LONDON: Student accommodation developer Unite Group has planning consent for its 563-bed development in Camden, London. The proposal is in partnership with Travis Perkins (Properties), which will get a new builders' merchant depot on the ground floor of the development.
The scheme represents part of the Unite's London development pipeline, which plans to deliver an additional 4000 beds in the capital by 2014.
The development of cluster apartments and studios is scheduled for completion in 2013.
Taking into account the new scheme, for which Unite has agreed funding facilities, the group has now secured planning permission and funding for 1900 beds of its target 4000 London pipeline.
A further 900 are secured and awaiting planning permission and the company is confident of securing the remaining 1200 beds in the second half of 2011.
Richard Simpson, Unite's development director, said: "The scheme in Camden is a further milestone in our target to substantially expand our presence in the key London market.
"We expect London to continue to benefit from strong market fundamentals, with the supply/demand imbalance still a key factor, and we expect it to remain the most attractive and thereby resilient destination for UK and international students."