Completion date for £1.1m student flats development
THE new £1.1m student flat development in Loughborough’s Woodgate is expected to be completed in September this year.
The developers, Alpha Homes, say the environmental concerns have been high on the agenda with The Foundry II building, which is next to Beehive Lane car park and across the road from its sister student flat development, The Foundry.
A spokesman for the developers told the Echo: “In keeping with the university’s focus on sustainability, The Foundry II is being built using integrated panelling, cladding and conduits that are manufactured offsite.
“This is a low carbon and environmentally-friendly construction method that also vastly speeds up the build.
“Once complete, the property will have 100 student en-suites, as well as on site facilities that include a cinema, gym and landscaped courtyard.
“It will also have off-road parking, designed to limit any potential negative impact on local residents.”
James Harrington, business development manager for marketing agents Emerging Property, said: “Loughborough is home to one of the most impressive universities in the UK.
“Its large 438-acre campus is simply breathtaking and the university consistently sits near the top of all major league tables. Taken together, this is a wonderful place to study.”
The property sits just across the street from the company’s existing student property of the same name. These students too will be able to take advantage of the facilities in this new development once it is operational later this year.
Mr Harrington continued: “Our property complements the university’s commitment to environmental and social responsibility, and is being built in a way that minimises the disruption caused to nearby residents between now and October.”
The two properties will also share the same management company – Mezzino. They are specialists in the student sector.
Mr Harrington added: “The university makes up a massive 30 per cent of Loughborough’s total population and they pay 36 per cent more than non-students to live in local residential accommodation – the highest rental premium in the country.
“Purpose-built student accommodation is thus able to provide them with an alternative housing option, with better facilities at a similar rental level, while also freeing up residential property for locals – it’s really a win-win situation for everyone in the town.”