Moorfield Group announces €48m PBSA scheme
Moorfield Group has entered into its second development agreement with Melberry Developments, on behalf of Moorfield Real Estate Fund V, for a 293-bed purpose-built student accommodation scheme in Lincoln, England. It is also Moorfield’s second project in its “Zennor” partnership with Funding House. The project is located near the main campus of the University of Essex.
The £42 million (€48 million/$52 million) scheme, funded by Moorfield and set to complete in 2024, will include townhouses and cluster flats across approximately 90,000 square feet and seven buildings ranging from one to four stories, as well as landscaped gardens.
Moorfield and Melberry will target a BREEAM “Very Good” rating through a range of innovative construction techniques and new green technologies. Delivered by contractor Bowmer + Kirkland on a turn-key arrangement, the fully electrified scheme will include air sourced heat pumps — representing a 60 percent energy consumption r