31 May 2018
European student accommodation specialist provider, Valeo, has awarded the construction and development contract of its first project in the UK to ISG – a £33 million student accommodation project in Sheffield.
Valeo is working in partnership with ISG to develop a 586-bed high-specification building located in a strategic location close to the two Sheffield universities.
The tiered building was designed by Valeo to provide students with an outstanding residential experience.
Residents will benefit from high-specification and spacious communal facilities, including a ninth-floor central club lounge complete with extensive balcony overlooking the city, as well as lounge and study spaces, a café, private dining areas, cinema and gym.
ISG has concluded the demolition of an existing garage structure on the site, and is set to commence the construction of the concrete frame building, reaching 14-storeys at its highest elevation, which fronts Ecclesall Road.
The building will feature traditional masonry, with brick feature panels lining its façade.
Accommodation is configured around four, five and six bed clusters, as well as a number of studio apartments – all with en-suite facilities.
Every bedroom will benefit from all the latest technologies a student can expect, including super-fast Wi-Fi in all rooms.
Peter Haspel, managing director of Valeo Management, commented: “We are delighted to partner with ISG to create our latest student community building in Sheffield.
“Our staff are excited about bringing Valeo’s new brand of student experience to the thriving city of Sheffield.”
ISG will also form car parking spaces for seven retail units, which will occupy the ground floor of the new building – adding to the retail provision of this popular area of Sheffield.
The project is scheduled for completion in summer 2019.
Tim Harvey, regional director for ISG, said: “The global popularity of our higher education institutions sees demand at record levels for places and high-quality student accommodation at our top universities.
“Purpose-built student residential facilities play a hugely important role in the overall housing mix within our cities, and this major project signifies that Valeo has ambitious development plans across the UK.”
ISG has a growing portfolio of keynote student accommodation schemes across the country and is additionally on site delivering a £40 million 675-bed scheme in central Cardiff, and a 412-bed £39 million mixed-use scheme in the heart of Liverpool.