Urban Village Capital has achieved a ‘first-class’ transformation of a former Coventry office block to university accommodation.
Ringway House has undergone a £15 million renovation, featuring a mix of studio units and a range of bedroom apartments that will accommodate four to seven students. The 94-bed property will be available to house students from this September.
Located near the city’s Belgrade Plaza complex and major transport links, the development will help meet the increased demand for high-quality student accommodation in the university city – home to both the University of Warwick and Coventry University.
Coventry has witnessed increasing student numbers over the years and is ranked the fifth best city in the UK for students by website Fresh Student Living. The city continues to be a highly desirable location for students both from the UK and overseas, with 42% of students in the city hailing from abroad.
The mix of studios and apartments in Ringway House feature high-speed internet and are completed to a high-spec with stylish finishing. Students will also have use of a communal gym, games room, study areas and laundry.
It also comes with a communal courtyard, cycle storage, parking – which includes electric charging points – and on-site staff. The refurbishment has also seen a new lift and the installation of acoustic glazing to reduce noise.
The Ringway House development is managed by Homes For Students, a UK student accommodation operator.
Urban Village Capital says the practical completion of the project is another testament to its aim to change ‘tired, unloved buildings and revitalise them into stunning living spaces’.
Nick Sellman, chief executive at Urban Village Group, says today’s students are in search of accommodation that is safe, affordable, comfortable and meets their needs, and Ringway House delivers this.
“We have looked at what students want and created some amazing living and communal spaces so they can learn and live and really enjoy their time at university and in the city,” he explains. “It is a great central location with easy access to the universities as well as the city centre, which will help boost the local economy and breathe new life into the area.”
“The building and its services will be fully managed by the country’s biggest student operator, Homes For Students, who have award-winning standards for care for both their students, staff and local community engagement.”
He concludes: “Homes For Students has an excellent track record in managing student accommodation of the finest quality across the UK and we are really pleased to have them on board, as we know they will make the arrival of students into the heart of Coventry a real success.”
This post has originally been featured in Property Investor Today.