Melburg Capital plans £100m Bristol PBSA
Melburg Capital has submitted plans to convert the former South Plaza office block in Bristol city centre into a £100m purpose-built student accommodation premises providing 370 beds.
The submission follows on from Melburg’s proposed Redcatch Quarter development, within Knowle, Bristol, with a planned 850 beds as part of a significant investment into “living” sectors to complement its expansive UK industrial portfolio, which exceeds 2.5m sq ft.
Melburg Capital has submitted plans to convert the former South Plaza office block in Bristol city centre into a £100m purpose-built student accommodation premises providing 370 beds.
The submission follows on from Melburg’s proposed Redcatch Quarter development, within Knowle, Bristol, with a planned 850 beds as part of a significant investment into “living” sectors to complement its expansive UK industrial portfolio, which exceeds 2.5m sq ft.
The student scheme will include a state-of-the-art gym, café and leisure facilities including a screening room and golf simulator, and 370 secure bike storage spaces.
Subject to the necessary approvals, Melburg hopes the accommodation will be open by September 2025.
Jack Burgess, Melburg’s chief executive, said: “This ambitious, highly sustainable proposal seeks to provide Bristol with much-needed purpose-built student accommodation, and in so doing alleviate pressure on the chronically constrained housing market.
“We will be exploring operational optionality through our adviser, Savills, are considering acquiring existing platforms and intend to grow our student housing exposure extensively as part of our wider investment into the living space.”
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Photo © Melburg Capital
