UK student accommodation provider Unite Students has spent £32 mln (€38 mln) on upgrading its properties.
The upgrades will enhance the living experience for 5,239 students across 11 major refurbishment projects nationwide. This is part of a larger, ongoing five-year program with an annual budget of £50-£75 mln (€60- €90 mln).
Stapleton House, an 862-bed student residence in North London housing University College London students, has been enhanced by a £1.5 mln renovation. The upgrade features a new reception, updated study and social spaces, a common room, and a private courtyard.
Cedar House, a 102-bed residence within Liverpool's Knowledge Quarter and part of a larger 1,000+ student village has undergone a £2.6 mln complete overhaul, including bedrooms, bathrooms, and communal areas.
Glasgow's Thurso Street, a 405-bed student residence across from the University of Glasgow, received an £8 mln refurbishment. The upgrade includes a large common room and ca ommunal study area.
Numerous other properties were also refurbished, including locations in London (Angel Lane, North Lodge, Olympic Way, and Station Court), Portsmouth (Rosalind Franklin), Birmingham (Oak Brook Park), Durham (Rushford Court), and Glasgow (Kyle Park House).
Joe Lister, Unite Students CEO, said: ‘We are proud of the investment into these properties, which reaffirms our commitment to provide high quality, affordable accommodation that offers a Home for Success for the talented residents who live with us. These high standards provide an environment for our residents to thrive and we will be investing in our properties as part of our portfolio improvement programme, and record development pipeline, also helping to meet rising student demand while easing housing shortages by freeing up existing homes for local families.’
Unite Students boasts a £1.5 bn (€1.8 bn) pipeline for developing and upgrading its properties.
