Work is set to start on an 88-bed student scheme in Nottingham city after property consultancy Box Property brokered a deal to buy 7 Mansfield Road, Nottingham on behalf of Megaclose Properties.
The 21,000 sq ft, six-storey former office building, built in the late 1960, is next to the Victoria Centre and 250m city centre campus of Nottingham Trent University. Planning permission was secured for the scheme in September.
Frankie Labbate, co-founder and director at Box Property, said: “The Mansfield Road acquisition fits in perfectly with the client’s existing portfolio and its ethos to provide quality student accommodation within half a mile of Nottingham’s universities. As specialists in buying and selling prime city centre sites with a variety of uses, we’ve worked closely with Megaclose since we
link source - The Business Desk