KR Developments has submitted a planning application for a new 106 studio bedroom student accommodation development at Goosecroft Road in Stirling. Directly opposite Stirling railway station the development will be highly accessible for both the University and the City Centre amenities. It is hoped that construction can commence in 2020 for completion 2021.
KR Developments has now secured a third student accommodation project for CA Ventures at Dundee Street in Edinburgh. The 216 bedroom scheme has detailed planning permission and it is intended to commence construction in September 2019 with completion programmed for spring 2021
KR Developments has entered into an agreement to manage the development of a new 430 bed student accommodation at 366 Cathedral Street in Glasgow. The new 20 storey building is the first development for CA Ventures in the UK.
KR Developments has also secured a second project for CA at Dart Square in Sheffield. The proposed 250 bed development is directly across from the University of Sheffield Geography and Arts buildings. Planning permission is in place for the new 16 storey building and KR Developments are hoping to deliver the scheme for completion in time for commencement of the new University academic year in September 2021.
The Chicago based Venture Capital Fund has over 7.5 billion US Dollars invested in student accommodation spread throughout the US.
CA has announced plans to invest £400million in new student accommodation developments in the UK and mainland Europe by 2020.
KR Developments is also working on a number of other opportunities with CA and hopes to announce the next project soon.