Law firm advises Hartpury University and College on student accommodation expansion
By Matt Hall | 22nd January 2021
National law firm Irwin Mitchell's Real Estate Division has advised Hartpury University and Hartpury College on their student accommodation expansion plans, in a deal worth around £17.5 million.
Hartpury have entered into a deal with Cityheart and a UK investment fund in relation to the Blackfriars development in nearby Gloucester city centre, which was acquired from Gloucester City Council.
The property will form part of the larger Blackfriars student accommodation development at Ladybellegate Street in Gloucester and provide an additional 190 beds in a modern living environment.
Due to open in September 2022, the Irwin Mitchell team said the new site will be an important addition to the portfolio of student accommodation for Hartpury students.
The Irwin Mitchell team was led by real estate partner Michelle Beaumont, who heads the firm's educational property sector, supported by a team of lawyers including Sam Knight (real estate associate) and members of the firm's commercial and construction departments.
"We are delighted to support the growth plans at Hartpury University and Hartpury College and to advise on this expansion for their student accommodation provision," said Ms Beaumont.
"Our understanding is that the number of new students has risen again amid near 100 per cent approval for their Covid-19 measures and the planning permission for these new facilities, that will enhance the student experience.
"Despite the short-term uncertainties posed by Covid-19, demand for quality PBSA in the UK is growing, supported by the UK's well‐established status as a hub of higher education, and student numbers are predicted to rise."
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