In what is expected to be one of the busiest years for UK Universities, before the introduction of the new tuition fee regime, Quintain is pleased to announce the recent completion of two new student accommodation buildings in London, which will deliver close to 500 new bed spaces.
Split between 34 cluster rooms (comprising en suite bathroom and shared kitchen/lounge areas) and 223 studios (also incorporating self-contained cooking and washing-up facilities) the accommodation has been fitted out to a very high specification, boasting good quality fixtures, fittings and furniture. The property also offers a large roof terrace with commanding views of London, a landscaped courtyard, 10 MB broadband internet access as standard, secure cycle storage and a 24/7 management team.
Opening to students in the middle of September, the property is already 90% let. Cluster flats achieve rents of £199 to £210 per week and studios range from £245 to £275 per week.
Quintain's second completed development is Dashwood Studios, located on Walworth Road, SE17, just three minutes from Elephant & Castle tube station and London's new iconic tower, Strata. Dashwood provides 232 premium student studios, a landscaped courtyard and two large student roof terraces providing plenty of outdoor space with many of the studios also boasting their own private balconies.
Designed by Rolfe Judd Architects, the building's facade is punctuated with contemporary boxed bay windows that project out above Walworth Road, offering fantastic views of The Shard and St Paul's.
Works commenced on the building last August, and have taken only 51 weeks to complete, a fortnight ahead of schedule, and within budget. Dashwood opens for this academic year and is already 84% let at rents of between £220 and £280 per room. The asset is held outside of the iQ fund and is managed by Fresh Student Living.
Commenting, David Gavaghan, Quintain's Director of Fund Management said, "These two new buildings deliver high quality, safe and secure accommodation for students as they embark on the new academic year. London continues to lead the UK in terms of student numbers with a full time student population of circa 284,000, which is larger than the next five largest student markets combined.
"It also has a low supply ratio. We have launched these two new buildings, both of which are achieving strong lettings, which we believe is in recognition of the location, the quality of the buildings and the services offered.
"Furthermore, the opening of these assets represents a step forward for Quintain in delivering its operational milestone of increasing income a