Michelmores’ Real Estate team has advised on all aspects of Exeter’s newest student accommodation development, offering 159 new rooms for students at the University of Exeter and revitalising the city’s Cricket Club facilities at Prince of Wales Road.
Michelmores acted on the £8 million development from conception to completion. The project involved Yelverton Properties Developments Limited acquiring an interest in the land securing the planning consents to redevelop the site taking down the former cricket pavilion on the site, and re-siting and replacing it with a new state-of-the art two-storey pavilion, built in conjunction with the new student accommodation and disposing of the student accommodation to Curlew Capital.
The development was undertaken by Yelverton Properties and their development and funding partners, Campus Development Management Ltd and Curlew Capital. The main contractor was Midas Construction.
Students will take up residence in the new accommodation in September 2016 for the new academic term.
Partner Joanna Damerell, who led the Michelmores team said:
“This is a very exciting project for the city, not only providing much-needed and high quality accommodation for students, but also revitalising a popular community sports facility. It has been a real pleasure to support this successful project from start to finish.”