Future Generation wins approval for £25m student accommodation scheme in Cambridge

By Bridging Loan Directory 3rd October 2019

Developer Future Generation yesterday (Wed) secured planning permission for a £25 million student scheme in Cambridge.

Approval for the 154-bed project — named ‘Barnwell Gate’ — came after significant consultation with officers, local councillors and residents over the past 18 months.

This resulted in the vast majority of respondents to the consultation supporting the scheme.

Most of the accommodation will consist of clusters of rooms with shared living and kitchen facilities though 20 self-contained studio apartments will also be provided.

The university is just a 10-minute cycle ride away. The current occupants of the site at 444 Newmarket Road, a car dealership, will be relocating to other premises.

Future Generation is the Purpose Built Student Accommodation (PBSA) arm of developer Southern Grove.

Andrew Southern, Chairman of Southern Grove and Future Generation, commented:

“This attractive scheme is going to continue to show off our strengths when it comes to designing spacious living quarters that don’t cut corners when it comes to design and quality of life for students.

“While demand for student accommodation in some parts of the country is beginning to tail off, there is huge ongoing demand for purpose built student accommodation in Cambridge.”