Could it possibly be Hume House? That's adjacent to arena point right? Either that or the horrible Wetherspoons building the other side.
White Rose View (Unite), Merrion Way | 79m & 52m | 28 fl & 18 fl | Completed 2020
Anyone know what site they're are referring to?
https://bdaily.co.uk/articles/2017/...cquire+Leeds+city+centre+site+in+£10.5m+deal+
https://bdaily.co.uk/articles/2017/...cquire+Leeds+city+centre+site+in+£10.5m+deal+
Unite Students agrees to acquire Leeds city centre site in £10.5m deal
Unite Students, the manager and developer of student accommodation, has exchanged contracts to acquire a development site in Leeds for £10.5m on a subject to planning basis.
London & Scottish Property, asset manager to Regional REIT Limited, is selling the the property.
The 21,000 sq ft site, which currently provides leisure accommodation over two levels, is located in the city centre near to the University of Leeds and Leeds Beckett University. It will provide a home for over 1,000 students.
The site was acquired by Regional REIT in March 2016 as part of the Wing Portfolio together with the adjacent 19-storey Arena Point office tower.
The sale sees Regional REIT retaining the 77,000 sq ft Arena Point office tower.
The group continues to invest in the refurbishment of the remaining floors, having recently let the 6th and 7th floors to Interserve.
Stephen Inglis, chief executive of LSI and director of Regional REIT, commented: “While we continue to invest in the office development at Arena Point, we saw an opportunity to realise a circa £9m profit from the adjacent underdeveloped element of the site.
“Unite’s development will be complimentary to our continuing investment in Arena Point, an area undergoing significant regeneration.”
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That was my first thought, but didn't dare mention the name! Scared I might jinx itCould it possibly be Hume House? That's adjacent to arena point right?
Edit: Must be the Stick, or Twist site actually "Two floors of leisure accommodation"
London and Scottish are developing the Symons House student development, perhaps it's that? Looking at the article though it says the site currently provides two floors of leisure accommodation, so it is likely to be the low rise Weatherspoons building.Anyone know what site they're are referring to?
https://bdaily.co.uk/articles/2017/...cquire+Leeds+city+centre+site+in+£10.5m+deal+
Over a 1000 students must mean it'll be a bloody big development too.
http://www.constructionenquirer.com/2017/11/10/unite-snaps-up-leeds-site-for-80m-student-scheme/
This article says it's the Symons House site, athough that isn't for 1000 units and isn't 17 storeys (now).
This article says it's the Symons House site, athough that isn't for 1000 units and isn't 17 storeys (now).
Student rooms developer Unite has bought a development site in Leeds city centre for a 1,000-bed scheme.
Unite plans to build 17-storey student block
The planned project, located near to the University of Leeds and Leeds Beckett University, will cost £80m to build and is expected to be open for the 2020 academic year.
Unite paid £10.5m, subject to planning for the Symons House on Belgrave Street, next to Select Group’s proposed student scheme. It plans to build a 17 storey L-shaped block with a white brick envelope.
Seymour House redevelopment team includes Clancy Consulting as building services engineeer and architect Cunniff Design.
The site’s owner, Regional REIT, will make an £9m profit when the deal completes.
The transaction reflects Unite’s strategy of aligning its property portfolio with high-ranking universities where student numbers are growing while underpinning further earnings growth and visibility.
This morning the student specialist said it expected to deliver a yield on cost of 8%.
The site would increase Unite’s Leeds portfolio to 4,470 beds, serving a student population of 58,000, and further enhancing Unite’s operating efficiency in the city. In the last five years, Unite’s occupancy in the city has been 99% with over 1,200 beds subject to nominations agreements with Leeds universities.
Richard Simpson, Group Property Director, Unite Students said: “Leeds is a strong performing market with two high quality Universities. Unite has maintained a 99% occupancy rate in the city over the past five years, signalling we have room to expand and there is demand for the quality, affordable student accommodation we provide.
“We are confident the site in Leeds – subject to planning approvals – will be a great addition for Leeds’ growing number of students.”
What a confusing article haha. "Adjacent to Arena Point" and "leisure accommodation over two levels" has to be Stick or Twist. Maybe the author was just confused.
I'm confused! :nuts:What a confusing article haha. "Adjacent to Arena Point" and "leisure accommodation over two levels" has to be Stick or Twist. Maybe the author was just confused.
This version from thebusinessdesk:
1,000 beds must be fairly big, hope it is the Stick or Twist site!Unite Students has exchanged contracts to acquire a development site near to the University of Leeds and Leeds Beckett University to provide accomodation for 1,000 students.
The scheme is still subject to planning and total development cost is expected to be £80m , funded from Unite’s internally generated sources. The new building is expected to be open for the 2020 academic year and deliver a yield on cost of 8%.
Unite, a manager and developer of student accommodation, said the transaction reflected the firm’s strategy of aligning its property portfolio with high-ranking universities where student numbers are growing whilst underpinning further earnings growth and visibility.
Richard Simpson, group property director at Unite Students, said: “Leeds is a strong performing market with two high quality Universities. Unite has maintained a 99% occupancy rate in the city over the past five years, signalling we have room to expand and there is demand for the quality, affordable student accommodation we provide. We are confident the site in Leeds – subject to planning approvals – will be a great addition for Leeds’ growing number of students.”
The site would increase Unite’s Leeds portfolio to 4,470 beds, serving a student population of 58,000, and further enhancing Unite’s operating efficiency in the city. In the last five years, Unite’s occupancy in the city has been 99% with over 1,200 beds subject to nominations agreements with Leeds universities.
Very confusing!
For reference; Hume House was proposed to house between 750-800 student beds. As Jack has said, 1,000 would be huge. Either that figure, or the site is wrong. Fingers crossed it s the latter!
For reference; Hume House was proposed to house between 750-800 student beds. As Jack has said, 1,000 would be huge. Either that figure, or the site is wrong. Fingers crossed it s the latter!
Very confusing at this stage, but if the figure of 1,000 beds is correct, it can't be Symons House in its current form. This is scheduled to provide 353 studio flats, nowhere near 1,000. That is after it's height increase from 17 at the pre-app stage to 22 stories applied for. Fingers crossed that we are looking at a possible large tower here!
Official Press Release from Unite is here: http://otp.investis.com/clients/uk/unite_group2/rns/regulatory-story.aspx?cid=767&newsid=948949
This gives the 1,000 beds figures, so I don't think it can be Symons House.
This gives the 1,000 beds figures, so I don't think it can be Symons House.
That press release says the cost should be £80 million and the deal is subject to planning, suggesting it is Symons. But the 1000 bed figure says otherwise!
Another one that suggests its the Wetherspoons.
http://www.theconstructionindex.co.uk/news/view/80m-student-halls-scheme-planned-for-leeds
http://www.theconstructionindex.co.uk/news/view/80m-student-halls-scheme-planned-for-leeds
Unite Students, specialist developer and manager of purpose built student accommodation, has exchanged contracts for a development site in Leeds city centre.
The £80m development is expected to accommodate more than 1,000 students when it opens in 2020.
Subject to planning, Unite Students is paying London & Scottish Property £10.5m for the 21,000 sq ft site, which currently provides leisure accommodation over two levels, next door to the 19-storey Arena Point office tower, which is not part of the sale deal.
Group property director Richard Simpson said: “Leeds is a strong performing market with two high quality Universities. Unite has maintained a 99% occupancy rate in the city over the past five years, signalling we have room to expand and there is demand for the quality, affordable student accommodation we provide. We are confident the site in Leeds – subject to planning approvals – will be a great addition for Leeds' growing number of students."
As you say confusing. The Symons proposal is by London & Scottish Student Housing so that doesnt fit either.Very confusing at this stage, but if the figure of 1,000 beds is correct, it can't be Symons House in its current form. This is scheduled to provide 353 studio flats, nowhere near 1,000. That is after it's height increase from 17 at the pre-app stage to 22 stories applied for. Fingers crossed that we are looking at a possible large tower here!
Although London & Scottish Student Housing is a part of London & Scottish Investments, who are fund managers for Regional REIT Ltd. So that does kind of fit, although the same fund owns Arena Point, so maybe they own the Wetherspoons block as well?As you say confusing. The Symons proposal is by London & Scottish Student Housing so that doesnt fit either.
So what's the typical height of 1000 bed student tower on a relative small floorplate?
Just checked the original Construction Enquirer article in sheds post and it may have been ammended. It now says that the site sold is the Stick and Twist and it was bought from London & Scottish - and that London & Scottish are planning there own scheme at Symons House.
Going by the same ratio of bedrooms to height as Hume House then around 170m -ish.
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