Acting on behalf of its clients, private markets firm Partners Group and Host Student Housing have completed the construction of the new £29m 206-bed purpose-built student accommodation (PBSA) building in Bournemouth, following topping out earlier this year.
Partners Group formed a UK student accommodation and co-living venture with Host in 2022, with the aim of delivering sustainable and professionally managed residences.
“Completed on time and on budget by Tiger Developments, this is a very timely development for Bournemouth and the increasing number of students who choose to study in the city. Our first intake of students will find themselves in a fantastic environment in which to start the next stage of their lives, living away from home. There is a chronic need for more professionally managed PBSA in several other cities in the UK, Host is committed to playing its part in meeting this demand.”John Nesbitt, Managing Director (MD), Host Student Housing Ltd
Located close to the Bournemouth University campus and a short walk from the beach, 17a Christchurch Road spans six storeys and provides ensuite cluster flats and studios – many of which benefit from sea views.
Residential amenities include social lounges, two roof terraces, a substantial courtyard and a fully equipped gym.
“We are very pleased to support the development of new student housing in Bournemouth, bringing more beds to a city that has been struggling with undersupply. As a team, we have delivered a new energy efficient building in the heart of the city, which will meet student accommodation needs for many years to come. This new addition to our JV with Host fits with our focus on high quality targets with strong ESG credentials.”Peter Holden, Managing Director (MD) and Global Co-Head Private Real Estate Asset Management, Partners Group
Designed by architects Stride Treglown to be low carbon in use, the building features photovoltaic solar panels and air source heat pumps, helping it to achieve a BREEAM sustainability rating of Very Good and an EPC A.
17a Christchurch Road was fully leased prior to opening on 9 September for the 2023/24 academic year, delivering much needed bed spaces to one of the UK’s rapidly growing student cities.
“It’s been a fantastic team effort working with Tiger Developments and Host to complete on time and on budget. From a rapid start in February 2022, we are delighted to be able to hand the site over to Host to welcome the new students in time for the new academic year. The project shows the very best of Shore Construction with on-time and on-budget completion, working proactivity to solve project challenges and great engagement with the local community to deliver our social value commitments.”James Hobden, Managing Director (MD), Shore Construction Ltd
Construction of the new building started in February 2022 and was delivered by main contractor Shore Construction, with Host’s sister company Tiger Developments acting as development manager.