Green light for £41m student development in Edinburgh
Select Property Group has secured planning permission for a new £41 million student accommodation development at Fountainbridge in Edinburgh.
Operating under the developer’s Vita Student brand, the residence will comprise of 261 self-contained studios, a 5,000 square foot social hub area including private study rooms, a movie room and gym. The residence will open to its student customers in September 2017.
The development will also feature three retail and leisure units and marks the final phase of the city’s Fountainbridge Regeneration Scheme which includes retail, office and residential accommodation.
Speaking about the decision, Ken Knott, chief development officer of Select Property Group, said: “Select are immensely proud to be advancing the final phase of the Fountainbridge Regeneration Scheme and today’s news is a significant milestone for our business and the latest step in us bringing the Vita Student brand to Scotland.
“After 18 months of working with the city’s planners, we’re delighted they now truly understand our award winning Vita Student product and its unique position in the market. Vita Student places as much emphasis on customer service as it does offering stylish accommodation. This revolutionary customer-led approach to the student sector makes us fundamentally different which is why we can boast 100 per cent occupancy across our residences and win awards acknowledging our dedication to the student customer.”
Mark Stott, CEO of Select Property Group, added: “With eight residences operational and four more sites in development across Glasgow, Newcastle and York, we’re looking forward to adding another award winning residence to our portfolio north of the border and supplying the unmet demand in this fantastic city.”