News Bite: the Construction of Scape Brighton17 07 2018
With student populations increasing all the time, expectations have also risen among young people expecting higher and higher standards of accommodation.
In line with this trend, there are a growing number of sophisticated student accommodations currently in construction across major university towns and cities in the UK.
Scape Brighton is one of the most exciting projects to emerge from recent times. This accommodation will raise the standards of student living in the city to a record high.
Brighton is a prime location for new student builds, as the supply-demand imbalance is so strong. The universities also receive many applications from national and international students.
Primed for opening in September 2020, the property will include around 550 beds for students from both Brighton University and the University of Sussex. It will also feature sprawling communal areas.
GCP Student Living is in the process of closing the deal to acquire and fund the construction. This would represent their second asset in the city.
A Major Regeneration Project
Scape Student Living exists as part of a £300m large-scale regeneration project. It has been designed to transform the former military house base on which the new development will stand.
When complete, the scheme will also include 369 homes, public streets, communal squares and a 1-kilometre fitness route. The commercial aspect is covered with a 50,000 sq. ft. “innovation hub” for start-up businesses.
Scape Brighton is set to fill a major structural gap in the local market of private direct let purpose-built student accommodation.
It is those that identify these gaps and take advantage of opportunities that become the most successful property investors.