Glasgow PBSA planning consent secured for MRP

Between MRP and McAleer & Rushe, they have delivered in excess of 11,500 purpose-built student accommodation (PBSA) beds, with this new Glasgow PBSA adding to the count.

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MRP secures PBSA planning consent in Glasgow.

Developers MRP have announced that planning consent has been secured for a 432-bedroom PBSA scheme in Glasgow city centre. The Renfield Street development is located adjacent to the Maldron Hotel, which MRP previously developed.

The scheme comprises 432 studios of varying sizes, ranging from approximately 18 sqm to 40 sqm. There is a class-leading average weighted bedroom size of 21 sqm over 16 floors.

The building provides over five sqm of amenity space per bedroom, including exceptional spaces at ground and first floors, with a generous sky lounge and roof terrace offering views across Glasgow city and Lanarkshire. 

The Glasgow PBSA buildout has a GDV of approximately £85m. Construction by McAleer & Rushe is scheduled to commence in August 2024. The project is due to be delivered in July 2026 ahead of the 2026/27 academic year student intake. 

Glasgow’s PBSA supply-demand imbalance is largest in the UK requiring 22,000 student beds. This scheme will contribute to the much need beds in the area.

Environmental sustainability

The accommodation is designed to prioritise environmental sustainability, targeting BREEAM Excellent and an EPC A Rating, with the low energy approach exceeding Glasgow City Council’s energy efficiency standards by 20% (Gold Level) and exceeding the 20% renewable target set by Glasgow planning policy, achieved through a combination of measures which include air source heat pumps and high-performance building materials.

In a further nod to their green credentials, there are extensive external landscaped spaces at ground and first floor level.

“This approval follows a long period of positive and meaningful pre-application engagement with a variety of stakeholders, including local resident representatives and community councils. 

Glasgow has a structural undersupply of student accommodation, and this project will provide 432 high quality studios in the heart of the city, offering easy access to numerous higher education establishments and enjoying all the amenities the city centre has to offer. The quality of this development, our sector experience and the proven delivery capabilities of MRP and McAleer & Rushe is evidenced by the strong interest our Agents at Savills have received from potential partners who wish to work with us on this project.“

Graham Mitchell, Development Director at MRP

MRP’s development portfolio has a total end value of £2bn of which £300m is currently under construction.

Between MRP and McAleer & Rushe, they have delivered in excess of 11,500 PBSA beds since entering the sector some eight years ago. They are considered one of the UK & Ireland’s leading student accommodation sector participants.

In January, MRP announced the launch of its new PBSA scheme The Place in Nottingham. The scheme will advance Nottingham City Council’s strategy of integrating students into the city centre.