UK: Godwin Developments has sold the Bendigo Buildings, a consented PBSA scheme in Nottingham, to Bricks Group for an undisclosed sum.
The city centre scheme will include 783 beds across a mix of studio apartments, four-, five- and six-bedroom clusters and studio rooms. It will also provide a range of indoor amenities and landscaped gardens as well as commercial units on the ground floor for residents and the neighbouring community.
The Bendigo Buildings will occupy the site of a former Royal Mail sorting office, which has been vacant for nearly 20 years, as well as the adjacent car park on Cowan Street.
Godwin Developments acquired the site in June 2020 and the Cowan Street site in 2021. It secured full planning permission for both plots in the second half of 2021.
Matt Chandler, managing director at Godwin Developments, said: “Representing one of our largest consented schemes to date, the Bendigo Buildings utilised our in-house expertise to work up and achieve planning for this compelling scheme on a brownfield site which will bring significant regeneration benefits to the city. We are pleased that dynamic student, hotel and co-living property company Bricks Group will now take the project forward into delivering a new thriving student hub for Nottingham.”
“Nottingham has significant unmet demand of student beds and with increasing student numbers expected as both universities continue their expansion plans, there is a clear requirement for more dedicated student spaces where young people can live, study, and socialise together. The Bendigo Buildings helps cater to this demand whilst also supporting the Council’s ambitions to keep the city centre vibrant, provide better quality student housing, and protect further traditional family housing from being converted for student occupation as well as bringing substantial investment to the city,” he added.
Bricks Group, based in London and Hong Kong, is a developer and operator across several asset classes. It operates the True student accommodation brand.
