Prime Colchester Student Accommodation Development
Joint venture development funding of 282 PBSA beds
Client
Moorfield Group
Price
£40m
Dates
Practical Completion - Q3 2023
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Moorfield Group has entered into a JV development agreement with Melberry Developments to fund a 282 bed PBSA development in Colchester
High specification, ESG driven student accommodation close to the University of Essex campus to be developed for the 2023/24 academic year. 282 cluster and studio rooms across nine floors with social, study and gaming spaces as well indoor and outdoor fitness suites.
Sustainability sits at the core of Moorfield’s strategy, and this latest student development, working with partners who share our ethos, will be our most environmentally friendly scheme yet. It is well placed to bring together growing consumer and investor interest in the environment and sustainable development.
Ross Netherway, head of origination at Moorfield Group
We are delighted to be working with Moorfield to deliver this exciting first development in our planned pipeline together. Our alignment in quality and ESG objectives made agreeing the outcomes of the partnership clear from day one and we look forward to completing a fantastic asset. Bidwells’ detailed knowledge of the student market on a national and local scale allowed the project to come together with confidence.
David Sarson, managing director of Melberry Developments
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