A £400m partnership between Corvette Capital and PBSA developer Crown Student Living has been agreed which will see the latter develop four sites providing over 2,600 student beds.

The projects will be located in Nottingham, Birmingham, Leicester and Bournemouth, with work already started on the 426 bed Nottingham site, which is expected to open in time for the 2023/4 academic year. Initial planning permission has been secured for Birmingham, which is expected to be ready for the 2025/6 year. 

Simon Gordon, co-founder of Corvette, said: “The purpose-built student accommodation market continues to grow as those studying at British universities increasingly choose safe, well-equipped and socially supportive places to live and study. Working with such great partners as Crown and finding excellent sites in leading university cities, gives us great confidence as we expand into this exciting sector.”

All the developments will have social facilities such as gyms, cinemas, lounges and leisure facilities, break out study rooms and landscaped outdoor spaces. The halls will all be operated by student housing specialists CRM Students, whose accommodation staff will look after the students.

Alan Pulver, of Crown Student Living, said: “Partnering with such a forward-looking business as Corvette Capital will enable us to grow our portfolio of high quality, purpose-built student accommodation, serving a market that we have seen grow and expect to expand further.”