Unite Students, the UK’s largest provider of student accommodation, has purchased a Glasgow site to build a new 934-bed property.
The company has acquired the new £126million city centre development and is set to open the building ahead of the 2027/28 academic year.
The Central Quay property, north of the River Clyde, will include a social marketplace café, yoga room, gym, screen rooms, and a garden room with a terrace.
Full planning permission for the scheme was received earlier this year and the deal means the Group will have more than 3,200 beds in the city.
It will help meet rising student demand while also easing Glasgow’s housing shortage by freeing up existing homes for local families.
Development in this central location is set to unlock a long-term vacant site on the river corridor to benefit the community.
Tom Brewerton, Unite Students Group Development Director, said: “Our latest Glasgow development, north of the River Clyde, will create a new supply of high quality, affordable student accommodation in the city to support the continued growth of our university partners.
“This property will provide more homes for students while helping to ease Glasgow’s
housing storage by freeing up houses for families.”