(Alliance News) - Unite Group PLC on Thursday said it has secured planning approval for its 416-bed student accommodation development in Bristol city centre.
The manager and developer of student accommodation said it plans to convert the former Georgian hospital building into 62 rented residential homes. The conversion is expected to be delivered for the start of the 2021/22 academic year.
Unite Group also said it is in advanced discussions with the University of Bristol for a long-term nomination agreement on the scheme, which forms part of a wider university partnership discussion, covering around 3,000 beds.
"We are delighted to be working towards an exciting partnership with the University of Bristol, which strengthens our long-standing and valuable relationship," said Unite Students Chief Executive Richard Smith.
"Our priority is the needs of our students, ensuring they all have access to accommodation which provides them with real value for money. We believe the new arrangements with Unite will help provide this surety," added Simon Bray, director of Campus Operations at University of Bristol.
Unite Group shares were trading 0.5% lower in London on Thursday morning at 1,295.00 pence each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Unite (UTG)