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Moorfield Group, the UK real estate fund manager, has completed construction of its 293-bed, £45m PBSA scheme in Lincoln.
The scheme, named BGU Student Village, includes townhouses and cluster flats across almost 90,000 sq ft and seven buildings ranging from one to four storeys, as well as landscaped gardens and leading sustainability credentials – including a +10% Biodiversity Net Gain.
Bishop Grosseteste University (BGU) Student Village is being delivered as part of a development agreement with Melberry Developments, with Bowmer and Kirkland as contractors. The development, which took 15 months to build, is ready to welcome students from BGU.
The scheme has delivered positive social impact, with the local workforce, suppliers, and education providers engaged in the development process. This included 76 hours of education for local students and 130 weeks’ worth of work experience for architecture students from the University of Lincoln.
Bowmer and Kirkland estimates that the social, economic, and local value realised by the scheme’s development amounts to £2.6m.
Charles Ferguson-Davie, Co-CEO and Chief Investment Officer at Moorfield Group, said: “Student housing is a sector of strategic focus for us, with the investment case supported by structural and demographic demand drivers, as well as the undersupply of fit-for-purpose
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