Sector: Education, Higher Education, Student Accommodation
Project profile: Design, Build, Finance and Operation of 150 student bedrooms in two blocks of 75 rooms
Customer: University of the Highlands and Islands and Inverness College
Value: £12 million
Stage: Operational since August 2017
Location: Osprey & Grouse Blocks, 7 Inverness Campus, Inverness IV2 5NA
Funder: Aviva Investors
Tenant: University of the Highlands and Islands, and Inverness College
Legal Advisor: Brodies LLP
Architect: Keppie Design
Contractor: Robertson Construction Limited
Employers Agent: Thomas & Adamson
This project marks the completion of the second phase of accommodation projects developed and constructed by Cityheart at the Inverness Campus, following the completion a year earlier of an initial 150 beds again in two blocks named Cromarty and Beauly.
Furthermore this project was also the second phase of projects completed for Cityheart’s client the University of the Highlands and Islands which saw the parallel development of accommodation schemes in Dornoch and Elgin. The developments are part of the university’s wider project to build and operate residences around the Highlands and Islands. The first phase saw a 40 bed facility open at West Highland College in Fort William and a 150 bed facility open at Inverness Campus in summer 2016.
Cityheart worked with Aviva Investors to fund this development of a 150 bed scheme, which upon completion was let to University of the Highlands and Islands on a 35 year FRI Lease.
Construction was completed for this second development in Inverness in August 2017, which was in turn handed over to the Cityheart Living team to manage and maintain the residences and supporting the University of the Highlands and Islands. Cityheart Living is the dedicated student accommodation management arm of the Cityheart group of companies providing which provides accommodation management, marketing and building maintenance.
Speaking about the new development, Fiona Larg, the University’s chief operating officer and secretary, said: “We are excited at the second phase of our residences, students are at the heart of what we do and the provision of suitable accommodation is an important asset in supporting current students and attracting new ones.”
The Inverness phase two and Elgin residences were constructed by Robertson Northern. Frank Reid, managing director of Robertson Northern said: “The University of the Highlands and Islands continues to be a terrific draw for students from across the region and further afield. These new developments will help to meet the need for more, and better, accommodation for these young people.”