Market Leads & Opportunities
Work begins on £6.5m Knowledge Quarter student homes
Construction work is now underway on 94 new student homes in Liverpool’s Knowledge Quarter.Developer Yu Property Group has confirmed the £6.5 million project has started to transform the city’s Salters Building into Pembroke Studios.The mixed-use scheme, which is being built by the company’s commercial arm YPG Developments Ltd, will feature ground floor retail space, a student management office, cycle storage and laundry facilities alongside the self-contained student studios.More than half of the available studios are said to have already been sold off-plan to investors at the six-storey scheme, which is due for completion in July 2017.Planning permission was initially granted for the 40,000 sq ft development in 2015, with designs by architects Smith & McHugh.With the project located near to University of Liverpool’s north campus as well as Royal Liverpool University and Lime Street Station, YPG’s managing director Jonathan Yu says: “We’re happy to announce construction work has now started on site to transform the Salters Building in Liverpool in to Pembroke Studios, a high quality student accommodation in the heart of the city’s Knowledge Quarter.
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