Landmark Properties, the largest developer of student accommodation in the US, has teamed up with Citrus Group and Galliard Homes to build a mixed-used development in the northern UK city of Durham.
The proposed scheme will include 504 purpose-built student bedrooms alongside a new link to the local river, modern retail and leisure uses, and pedestrian links through the site, Landmark said in a statement.
Tristram Taylor, development manager of Landmark Properties, said: “As long-term investors with vertically integrated development and property management expertise, we are excited to bring direct foreign investment to the historic city of Durham. Landmark Properties’ expertise ensures the delivery of a high-quality scheme reflecting the city’s UNESCO World Heritage City status.”
The move marks Landmark’s third UK development after first entering the market in 2024. The firm currently has more than 74,000 student beds under active management across the world.
James Taylor, regional director of Citrus Group, said: “Landmark, as a growing UK entrant in the student market, will bring an exciting new student offer to Durham but are also equally committed to delivering a new high street and complementary public benefits and we look forward to continuing to work alongside them on this exciting new chapter for the city.”
David Hirschfield, group managing director of Galliard Homes, said: “Our shared ambition is to create a first-class scheme Durham can be proud of, bringing forward excellent student accommodation alongside retail and leisure uses, set around an improved public square and pedestrian links that will serve to support the city centre for years to come.”
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