Olympian Homes, a commercial and residential developer, and Housing Growth Partnership (HGP) have formed an equity joint venture to deliver a 790-bed purpose-built student accommodation scheme (PBSA) in the city center of Nottingham, U.K. The scheme, which will also include 19 affordable homes, has a gross development value of £120 million (€140 million/$153 million).
Known as Forest Mill, the PBSA scheme will comprise 790 beds across three buildings. Features will include a café and co-working space, games area with table tennis, air hockey, foosball, shuffleboard, private dining, gym, yoga studio, cinema room, gaming booth and a garden terrace. Located on Alfreton Road, the site is just a 13-minute walk from the Nottingham Trent University campus, a 12-minute bus ride from the University of Nottingham Jubilee Campus and a 16-minute walk from the city center.
The site adjacent to the PBSA blocks will see the delivery of 19 high-quality affordable homes. The three