Nixon Property has put a fully consented part-PBSA, part-co-living development opportunity on Heavitree Road in Exeter on the market.
The St Luke’s Court & Quad development will comprise seven blocks ranging from five to six storeys and will deliver 399 PBSA and 414 co-living studios.
Situated on a brownfield site directly opposite the University of Exeter’s St Luke’s Campus and adjacent to the Heavitree Royal Devon and Exeter Hospital, the scheme will occupy a strategic position within one of the city’s key education, healthcare and employment hubs.
The freehold opportunity is being offered on a flexible basis, with proposals invited for an outright acquisition, joint venture, or the purchase of either the PBSA or co-living element independently.
Ben Duke, associate in Knight Frank’s student property team, which has been appointed to market the opportunity, said: “Large-scale, consented sites that are low-rise in nature are becoming increasingly rare and in high demand, particularly in an environment where elevated construction costs and building safety regulations continue to constrain new supply. St Luke’s Court & Quad also offers a unique and strategic location directly opposite the University of Exeter’s St Luke’s Campus and adjacency to the Heavitree Royal Devon and Exeter Hospital.”
