Unite Students has acquired a site on Lower Parliament Street in Nottingham city centre with planning consent for a 270-bed student residence.
Total development costs for the scheme, expected to open in September 2024, are estimated to be 拢34m.
Nick Hayes, group property director of Unite Students, said: "Through this opportunity we are able to cater for the increased number of students wanting to attend the University of Nottingham and Nottingham Trent University, both located in a growing regional city. This commitment increases our secured pipeline to over 拢800m, its highest ever level, and we continue to see opportunities to add further schemes in London and prime regional markets at attractive returns."
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