Elmstead Place Student Accommodation, Colchester

Client

Investec Bank Plc

Property

Elmstead Place, Colchester, Essex

Role

Fund Monitoring Surveyor

Contract Value

Undisclosed

Time Scale

18 months

Elmstead Place is a brand-new student development undertaken by Osborne Developments Ltd, which opened its doors to Students in September 2020.

Situated opposite the University of Essex Colchester Campus, Elmstead Place offers fifteen seven and nine-bedroom, self-contained townhouses, as well as a selection of studios in a separate block. With easy access to the town centre, this stylish development also offers high-speed Wi-Fi, communal lounges, parcel storage, a laundry room with washing and drying facilities, CCTV and secure entry systems.

The design of the buildings and choice of materials is respectful of the nearby residential properties, and the external landscaped areas provide an attractive setting for students to enjoy outdoor space.

PBC’s specialist Fund Monitoring Surveyor, James Gregory, was appointed to act on behalf of the funder during the project.  The site itself presented specific challenges to the contractor, particularly the tight confines adjacent to the site entrance, whilst the impact of the Covid-19 pandemic also led to inevitable delays in the build schedule.  Despite such matters the project was still successfully completed in time to welcome students at the start of the 20/21 academic year, and the scheme has proved extremely popular being over 90% occupied with strong interest already being shown for the 21/22 academic year.

www.osborne.co.uk/property-development-investment/