In the Nottingham Post on Monday 12 August 2019, Matthew Bunn, reporting on plans by the student accommodation provider Unite to build a new 620-bed a development for students on land on Derby Road (Jaguar-Toyota car showrooms) adjacent to its present 484-bed student accommodation on Radmarsh Road, wrote ...

Developer announces plans to build new 620-bed student accommodation in Derby Road

The development will cost about £48 million

Jaguar is due to vacate its Derby Road showroom. Unite has announced it is creating a development in the road, near the University of Nottingham.

A developer has announced its intention to create a 620-bed block of student flats in Derby Road - but mystery surrounds the exact location of the development.

Student accommodationgroup Unite has announced it has exchanged contracts to acquire the development which will cost an estimated £48 million.

The plans are subject to planning consent - but the location has not been revealed due to a confidentiality agreement.

However, it has been confirmed the block would be built on a car showroom near The University of Nottingham. Nearby Jaguar is due to vacate its showroom in Novemberand move to a new site in Enterprise Way.

Nick Hayes, Unite group property director, said: "This latest acquisition reflects our strategy of aligning our business with mid and high tariff universities in cities where there is strong demand for affordable, high-quality student accommodation.

The new development, if given the go-ahead, would be ready for the 2022/23 academic year and would form part of Unite's target of maintaining developments of 2,000 beds a year.

Plans for more accommodation comes as work continues across the city on a range of student developments. This includes a 353-bed development in Talbot Street, the skeleton of which is now taking shape.