A new large-scale Build To Rent landlord, which describes itself as providing “high-quality luxury student accommodation,” has revealed a second scheme in a major university city.
Study Inn Group says its new £35m scheme - called Triumph House - is conveniently located adjacent to the University of Nottingham’s Jubilee campus and will offer “a mixture of luxurious studios and en-suite serviced apartment rooms.”
Construction of the five-storey new build is in progress with opening scheduled for the next academic year in late summer 2022.
Facilities will include 24x7 onsite management, room cleaning and linen services, superfast Wi-Fi and communal facilities such as study space, wellness spa, sauna, steam room, hot beds, gym, yoga studio, games room, lounge, big screen cinema room, bicycle parking and private landscaped gardens.
Jack Jefferson, acquisitions director at Study Inn Group, says: “Having opened 288 rooms … adjacent to Nottingham Trent University in 2020, this new development offers the opportunity to open a similar number of rooms adjacent to the University of Nottingham and so we are very pleased with the acquisition and the potential to continue to work with both universities in these excellent locations.
“This will be the seventh property in our second portfolio of luxury Study Inns. We had the ability and resources to close the acquisition quickly and have appetite for further acquisitions in good locations in UK cities.”
Following the opening of a scheme in Exeter earlier this year, Study Inn is now in construction phase in Leicester, Leeds and Nottingham, which will see the portfolio grow to some 1,800 rooms.
Study Inn claims all its operating properties are trading at 100 per cent occupancy with strong rental growth and waiting lists.
Study Inn Group is a luxury hotel-style student accommodation owner, developer, and operator. Its founding owner directors have a hospitality background gained from the development and operation of hotels.
The company was founded in 2009, to provide - in its words - “customer focused high-quality bespoke accommodation in city centres with hotel-like services: concierge, 24x7 management, room cleaning, and linen services at no additional cost.”
Want to comment on this story? If so...if any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals on any basis, then the post may be deleted and the individual immediately banned from posting in future.