KR Developments has secured a 2.7 acre site at Beith Street in the heart of the West End of Glasgow for a new BtR development. The project will include over 400 new residential apartments in 4 blocks together with an undercroft car park, communal gardens and residential amenity spaces. Following extensive consultation with Glasgow City Council Planning Department, a planning application will be submitted in Autumn 2020.
KR Developments is delighted to welcome Michael Robertson to the business as a Development Executive. Michael joined us in March 2020 just as we entered lockdown due to the Covid 19 pandemic. Michael will be working on existing projects as well as having responsibility for sourcing and securing new development opportunities.
KR Developments has obtained Planning permission for the student accommodation project at Goosecroft Road Stirling. Directly opposite Stirling railway station the development will be highly accessible for both the University and the City Centre amenities. It is anticipated that construction of the 106 bedroom development will commence in Spring 2021 with completion in time for the new student in-take in September 2022.
KR Developments continue to manage a third student accommodation project for CA Ventures at Dundee Street in Edinburgh. Construction for the 216 bedroom scheme has commenced and the programme is due for completion in 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.