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.
“With significant ongoing investment in the area including Liverpool John Moores University’s Copperas Hill development, the studios are ideally situated for students looking for modern, high-spec accommodation in the city centre.
“With over half of the studios sold off plan already, we expect even more interest as the building takes shape and our plans come to fruition.”