Construction has reached the halfway point at an £11.5m student scheme in Nottingham with all 222 apartments scheduled for completion by August 2019.
Located opposite Nottingham’s train station, the ‘Laceworks’ development is being built by PrimusAlliance, a joint venture between Property Alliance Group and Primus Property Group.
The seven-storey building features a rooftop terrace and studios with ensuite bathrooms, plus several units offering two bedrooms. Students will benefit from a vast range of amenities including a 24-hour reception, laundrette, group and individual study areas, games zones, private dining room, and coffee-shop style social spaces.
The development has proved so popular with investors that all units have already been sold.
David Savage from Property Alliance Group said: “With two globally-recognised universities in Nottingham, there is a huge demand for high-quality accommodation that can meet students’ changing needs. This was reflected in the high interest in the Laceworks which saw all apartments sold within six weeks from first release.
“The development is located in an area which is not only really convenient for students, but has lots of potential with ongoing investment complementing the wider regeneration taking place in the city.”
Construction is advancing well with the structural frame and upper floors now complete. The first of the bathroom pods has been placed and the envelope of the building is taking shape. Internal walls and first fix mechanical and electrical work have also commenced and are progressing well.
Colin Turner from Primus Property Group added: “We are delighted to be delivering our first scheme in Nottingham, extending our wider national student coverage. The scheme is in a fantastic location and will offer students the highest quality rooms and amenities.”
PrimusAlliance has also delivered two student accommodation schemes in Chester, the latest of which welcomed its first students in September 2018 and is 100% let.
The sales at the Laceworks have been managed by Alliance Investments.