Tuesday, 3 September 2013
University spends over £3m on luxury flats for students
The Birchover Apartments complex at Allestree, Derby, next-door to the University’s main Kedleston Road site, has been bought for over £3m from its Derbyshire owners, Birchover Hotel Apartments.
The deal was handled by Estates Agents Boxall Brown and Jones of Derby.
Each of the 30 fully-furnished apartments features two double bedrooms, all with their own en suite facilities and a shared open plan kitchen, lounge and dining area.
The apartments will be part of the University accommodation managed by its Derbyshire Student Residences Ltd (DSRL) company, known as Derby Student Living.
They will be offered for rent mainly to mature, international and postgraduate students from the beginning of this academic year.
Ian Willgoose, University Director of Estates, said the apartments – built almost 20 years ago – were a very good fit with how Derby was looking to expand and improve on its available halls accommodation.
He added: “The international and postgraduate students who come to study at the University of Derby are often looking for premium accommodation near the campus.
“Together with our Students’ Union we’ve been looking to add accommodation that facilitates more independent living than our traditional halls of residence, so the Birchover Apartments came up for sale at just the right time.”
The apartments were bought fully-furnished but will undergo internal and external redecoration to make their look more contemporary. The site also includes a 40 space car park.
Professor John Coyne, Vice-Chancellor of the University of Derby, added: “This apartments complex is such a strategically important site for us, allowing the University to add some wonderfully configured accommodation to our portfolio.
“The apartments will enable us to offer high quality accommodation more suited to students who stay in Derby all year round, such as those on postgraduate courses. This transaction demonstrates our confidence in the University's future and the city.”
Double rooms in the apartments will be offered for rent to students, at an introductory offer for the first year of £125 per week (normally £135). An ‘en suite plus’ room at the University’s Sir Peter Hilton Court halls in Derby currently costs £115 per week.Back