The seven-storey student accommodation building will provide a mixture of studios and en-suite serviced apartment rooms, all within a three-minute walk from the De Montford University’s main campus.
Facilities will follow the same specification as Study Inn’s second generation of properties, including non-stop onsite management, room cleaning and linen services.
It will also feature communal facilities such as study spaces, a wellness spa, sauna, steam room, hot beds, gym, yoga studio, games room, lounge, big screen cinema room, and an atrium conservatory for additional natural light.
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The £30m redevelopment is set to increase the overall square footage of the existing property by 50% with additional new-build space, totalling 73,550 sq ft.
Construction is underway, with opening scheduled for September 2022.
Jack Jefferson, acquisitions director at Study Inn, said: “We are very pleased to add another fantastic city to our fast-growing portfolio.
“As both a developer and an operator, it is testament to our confidence in the continuing PBSA letting ability in Leicester.”
In addition to Leicester, Study Inn is currently building its latest properties in Exeter and Leeds, which are set to open in September 2021 and 2022, respectively.
They will join the company’s existing portfolio properties in Bristol, Loughborough and Nottingham.