Specialist UK value-add real estate investment and asset management firm – Tri7 – and its joint venture partner student accommodation developer and operator – Fusion Group – secure planning permission from Charnwood Borough Council for a PBSA scheme in Loughborough.
Approved plans will see the development of a nine-storey building containing 541 student bedrooms at Limehurst Avenue, on the derelict brownfield site adjacent to the Grand Union Canal Basin. A 20-minute walk from Loughborough train station and Loughborough University’s campus, the scheme is also a short distance from the town centre.
“Serving the student population of Loughborough, our plans will provide much needed, wellbeing-focused housing that is designed for positive living. With an onsite spa-led recovery facility and sector-leading study spaces, this best-in-class scheme is the product of both what people in the community told us they wanted and of Fusion and Tri7’s expertise in the student housing sector. Starting the year as we mean to go on, we can’t wait to put spades in the ground and to welcome our first residents in time for the 2027/28 academic year.”Ben Henry, Acquisitions Director, Fusion Group
The planning application was submitted by Fusion Group and Tri7 following extensive consultation with local residents and Loughborough University – which is renowned for its sports and fitness courses.
Designed by architects Corstorphine & Wright, the PBSA development will feature outdoor amenity space that encourages wellbeing, a spa-led recovery facility onsite, study spaces and a library. The scheme will also target BREEAM Excellent accreditation and deliver a 143% biodiversity net gain.
The new PBSA development is set to be delivered in time for the 2027/28 academic year.
“Our vision for this new scheme, crafted through comprehensive community engagement, will establish beautiful new homes for students in Loughborough, a town with one of the UK’s most prestigious universities. Particularly given the attractiveness of student housing, especially in town and city centres that are also home to Russell Group universities, this high-quality development is an exciting opportunity, and we look forward to ongoing collaboration with Fusion Group, the council and the community to deliver it.”Samuel Castle, Partner, Tri7