Unite secures planning permission for central Coventry development – 26 March 2015
The Unite Group plc, the UK’s leading developer and manager of student accommodation, has received planning approval by officers under a delegated decision for a 2.1 acre site in central Coventry. The new building will provide a ‘Home for Success’ for 286 students and completion is anticipated in time for the 2016/17 academic year.
The property will have a total development cost of £17 million and is expected to deliver returns in line with Unite’s targets for regional development.
The site, acquired from Complex Development Projects (CDP) in partnership with the Council, is located on Far Gosford Street adjacent to an existing Unite property, and once complete will form part of a 1,000 strong student complex close to the University.
Coventry University continues to perform strongly, rising 19 places in The Times and Sunday Times Good University Guide 2015 to be ranked no. 42, and is home to over 24,000 students.
Richard Simpson, Managing Director of Property for Unite, commented:
“We are delighted to have received planning consent in Coventry, as we continue to progress our regional development pipeline.
Achieving planning through delegated decision reflects the confidence Coventry has in Unite and will enable us to continue supporting the University by providing a safe, secure home for the city’s growing student population.”