Current Development Projects
As project managers and funding partners in the LLP, we've secured an option to purchase a redundant shop and fitness centre in Southampton. A planning application to redevelop and provide a prime retail store with 66 student studios over three upper floors was refused. We are now appealing a fefusal of planning permission and are currently awaiting the outcome.
City Centre, Southampton
We're project managers and funding partners in the LLP which has secured the purchase of a group of vacant commercial buildings in the centre of Southampton. We have been granted planning permission to redevelop the site with replacement buildings that will result in four retail stores, a café, 188 student rooms and communal facilities. We are preparing to develop and complete so the rooms can be let for the 2021/22 academic year. We are looking at potentially replanning the site for the exciting co-living sector.
We purchased this redundant industrial building in Southampton unconditionally and we're undertaking the project management and funding partner roles in the LLP created for the purpose. A planning application to redevelop the site with replacement buildings which will provide 37 self-contained student studios was refused. We are currently in the process of appealing the refusal of planning and we have let the space on a short term basis whist awaiting the outcome.
We're project managing and joint funding partner in the LLP which acquired a closed pub in Reading and obtained planning permission to convert the building into four flats. In addition, a planning application was submitted to redevelop the site to provide a block of 38 student studios, however this was refused. We have now won our appeal and will begin development to deliver the studios in the 2020/2021 academic year; it will be retained as an investment property.
Town Centre, Andover
Work has commenced on this scheme - which we're project managing - to develop a commercial building in Andover town centre. This will provide new retail and living space, with planning permission obtained for conversion to split the main retail unit into two while converting the upper floors into four one bedroom flats. The developmet is well advanced and scheduled for completetion in September 2019. The flats are on the market and we are seeking occupiers for the retail units.