Kier Property, the development arm of the Kier Group has started on site at its new student accomodation project in Coventry.
Kier Property will enhance the already consented student accommodation scheme at the Old Coventry and Warwickshire Hospital site on Stoney Stanton Road, to deliver a mix of room types and facilities, including townhouses, en-suite clusters and studios. The construction works comprise part refurbishment of the Grade II Listed Hospital and part new build to also offer communal facilities such as; study rooms, gym, cinema, games area and an external courtyard.
AIG Investments is forward funding the project for completion in time for the 2020/21 academic year.
It is anticipated that the project will be managed by specialist manager, Fresh Student Living.
The 344 bed scheme will be Kier Property’s fifth student scheme in the past five years, taking the total number of rooms Kier property has delivered to 2,727 in locations across the country, from Salford to Southampton, Newcastle and Glasgow.
Tom Gilman, managing director (North) for Kier Property, commented: “This scheme is our first in Coventry and offers a unique ‘Student Village’ set within a 10 minute walk of the Coventry University campus and the city centre. It also highlights our confidence in the area and this sector and our desire to drive our ambitious plans forward and lead change.”
Naveen Patha, Head of UK & Ireland, Residential Acquisitions at AIG Global Real Estate, added: “We are pleased to be working with Kier on this high quality student housing development in Coventry which has a strong demand supply gap. This project is in an excellent location which will cater to students of both universities in the city, and ease pressure on local housing. It adds to our existing student housing portfolio in Sheffield, Leeds, Southampton, Cardiff and Bournemouth, and builds on the asset management experience we have gained over the years. We look forward to working closely with Kier and delivering this project for the 2020/21 academic year.”