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Developer plans huge student accommodation scheme in Sheffield

Developer plans huge student accommodation scheme in Sheffield

Developer Unite has unveiled plans for a major student accommodation development in the heart of Sheffield.


The company has just bought a plot close to the University of Sheffield, where it will seek to build 570 student rooms. The cost of the development will be around £35 million, which the company plans to fund internally, with the completion date being set at the start of the 2019-20 academic year.

It would expand the number of student beds in Unite's portfolio to 4,300 in Sheffield, while raising its UK-wide pipeline of beds to 5,500.

Commenting on the project, group property director for Unite Students Richard Simpson said: "This acquisition extends our high-quality, development programme in a strong regional location where there is growing demand for purpose built student accommodation.

"We continue to see good opportunities to secure land alongside leading regional universities to supplement our development pipeline for delivery in 2019 and 2020."

With over 48,000 students and two expanding universities, Sheffield has been identified by Unite as a prime place to build more student accommodation. The city centre has become a particularly popular place for students to live, even though Sheffield University has much of its facilities located to the west of the city centre towards Hallam.

In this respect the city is experiencing a similar trend to nearby Manchester, where the majority of campus buildings at its various universities and colleges stretch along Oxford Road south of the city centre, yet student populations are shifting away from south Manchester districts like Rusholme and Fallowfield and increasingly moving into the city centre.

The growing student population was one of the reasons Sheffield's central ward had the largest ward population in England at the time of the 2015 Boundary Commission's reviews into the Sheffield City Council boundaries, with more than 36,500 residents.

Image: iStock

 

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