Linden Hill Capital Management has secured planning consent for a purpose-built student accommodation (PBSA) scheme in Birmingham.
The retrofit project will see the existing 62,500 sq ft, five-storey Maple House office building, which was built in the 1960s, extended to 10 storeys to provide 383 new PBSA units.
The on-site amenity provision will include study areas, a communal dining hall, games room and a gym.
Peter Brenton, investment director at Linden Hill Capital Management, said: “We are grateful to Birmingham City Council for their collaborative approach and to our planning advisors, LSH, for a swift execution that brings clarity and certainty to this development.”
Antony Harding, director in LSH’s planning, regeneration and infrastructure team, added: “This is a major step forward in terms of addressing the current undersupply of quality student accommodation, at a location providing the benefits of city living, whilst also being closely connected to further and higher education facilities.
“We are pleased to have played our part in establishing what is a ‘solid’ commercial consent for the client; delegated approval, no S106 or CIL and efficient use of conditions – which prove the investment potential for the buildings much needed revitalisation.”
