Planning Approval for Nottingham Development – Unite
Unite Students, the UK’s leading owner, manager and developer of student accommodation, has received resolution to grant planning permission for its 700-bed student accommodation development at Derby Road in Nottingham.
The direct-let development, which is located adjacent to the University of Nottingham campus, will open in time for the 2023/24 academic year. We have been successful in securing additional beds for the scheme through the planning process, resulting in total development costs of £57 million. The scheme will deliver a development yield in line with the Company’s stated targets.
The development will target a BREEAM Excellent rating and net zero carbon in operations through optimised design, integration of solar panels at roof level and an all-electric heating solution, including high efficiency air-source heat pumps. The development will also deliver a substantial biodiversity improvement, through opening and improving access to the River Leen …