Stelling Properties are thrilled to be partnering with Investec once again, following the success of our previous collaboration for our modular PBSA project in Guildford. Investec announced that it had provided Stelling Properties with an £11.85m loan to finance the construction of a modular purpose-built student accommodation (PBSA) scheme in Southampton.
The 122-studio scheme, which will be operated by Unilife, is due to complete in time for the 2024/25 academic year. Located in Southampton City Centre, it is being constructed on a former Bank of England site where the high street frontage, which is Grade II-listed, will be retained as part of the development. Features will include communal socialising and amenity areas across its five storeys, as well as a restaurant and bar on the ground floor.
Specialists in modular construction, we will be manufacturing the property offsite at their state-of-the-art factory in Hampshire. Funded by the loan, the development will deliver vast sustainable advantages over a traditional build by reducing the overall environmental impact of the project from start to finish, while the improved build quality will deliver significant operational cost savings.
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