The Blackfriars Residence scheme, a £11.8m purpose-built student accommodation (PBSA) scheme developed by Cityheart Limited with contractors Midas Construction, has celebrated a major development milestone.
A topping out celebration on the site of the Blackfriars Residence project marked the highest point being reached in the construction of the new high specification and secure student accommodation in Barbican Way.
“We are delighted to be working with Cityheart to further enhance its student accommodation offer in Gloucester and to be celebrating with them this important milestone in the delivery of the scheme.”
Steven Hart, Midas Construction Divisional Director for Wessex and Wales
In the heart of Gloucester city centre, the project is the second phase of the Blackfriars Residence scheme. It will deliver 190 bedrooms over two blocks – 128 student spaces in one block and 62 in the second. The first phase of the project delivered a 295-bed development, which opened its doors to students in 2018.
Midas Construction is due to complete the second phase of the Blackfriars Residence scheme in summer 2022 – which will then be available for students from both the University of Gloucestershire and Hartbury College and University.
“This is the latest student accommodation project that we are developing, having already successfully delivered more than 5,000 student beds across the UK in the last 10 years. Upon completion, this facility will be managed by our specialist in house team, Cityheart Living and we look forward to welcoming the first cohort of students next year.”
Mark McNamee, Managing Director, Cityheart Limited
Midas Construction – which is part of the Midas Group – is building the Blackfriars Residence scheme on behalf of Cityheart Limited, an established and successful property investment and development company, which provides student accommodation across the UK.
The Midas Group delivers projects across a range of sectors – including education, residential and commercial developments. The company has offices throughout the South West, Southern England and Wales.
Midas has a growing reputation in the student accommodation sector, having completed 12 projects in the last five years, with a combined value of £300m – and providing over 3,000 student bed spaces.
