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Wates signed up for £130m of Vita student accommodation

25 Oct 16 Wates Construction has been appointed to build three student accommodation projects Select Property Group that are together worth more than £130m to the contractor.

Phil Harrison of Wates Construction (left) with Mark Oakes of Select Property Group
Phil Harrison of Wates Construction (left) with Mark Oakes of Select Property Group

The contracts are for three Vita Student schemes at sites in Manchester, Newcastle and York. All schemes are programmed to complete in September 2017.

The largest of the three, worth 拢60.2m, is for the construction of 748 Vita Student beds at Manchester鈥檚 Circle Square, the former BBC site on Oxford Road.

The second contract, valued at 拢47.7m, is for a Vita Student Village in York to house 659 students in 15 three- and four-storey buildings across a 6.3 acre site. This includes the refurbishment of a former convent building.

Thirdly, Wates will also construct 331 beds at Select鈥檚 second Newcastle-based Vita Student development, which is a 拢23.8m development of 10 storeys at Strawberry Place near St James鈥 Park.

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鈥淲e鈥檙e pleased to announce this partnership with Wates today on three of our most high-profile developments,鈥 said Select Property Group chief commercial officer Mark Oakes. 鈥淲e are a rapidly expanding business with over 4,500 units currently in development in the North of England across our Vita Student, CitySuites and Affinity Living brands.鈥

聽He added: 鈥淎t a significant time of growth, it鈥檚 important for us to build long-lasting strategic partnerships with industry partners that we are confident can deliver on time and budget and share our commitment to produce exceptional, quality buildings that our customers want to live in.鈥

Phil Harrison, managing director of Wates Construction Midlands and North, said: 鈥淭he buoyancy of the private residential market in the north is in part being driven by an increased appetite for premium student accommodation, a demand that Select Property Group is leading the way in addressing.

Select currently has nine Vita Student residences at sites in Bristol, Exeter, Liverpool, Manchester, Newcastle, Sheffield and Southampton. Five further residences are in development in Edinburgh, Glasgow, Manchester, Newcastle and York.

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