Prestige Student Living brings Create Construction's second Liverpool scheme for Niveda to market
Leading real estate, asset managers and purpose-built student accommodation (PBSA) experts, Niveda Realty's new luxury student accommodation scheme, Bowline, is under construction by Create Construction. Located at the gateway of Liverpool’s Knowledge Quarter – it is the second of its pioneering student accommodation schemes in the city, also built by Create.
Continuing its mission to bring community-driven and beautifully designed student accommodation to the vibrant and growing city, Niveda Realty has strategically appointed Prestige Student Living, the premium brand of leading UK student accommodation provider, Homes for Students, to handle the operations of Bowline and delivery of the student experience.
Tim Goddard, Investment Director at Niveda Realty, commented: “Niveda Realty is thrilled that construction is well underway on this £36.6 million project – Liverpool is a thriving city with so much to offer students, with excellent universities, a diverse culture and social scene. Bowline represents the future of the PBSA sector and the admirable determination of students to want to uphold the authentic UK student experience. This development also conveys the core value of Niveda Realty, of developing and managing buildings that matter, in places the team believes in.”
Bowline is the first scheme in Liverpool for Prestige Student Living, who operate within 24 other UK major cities, and the first ‘prestige’ scheme to offer elite levels of service and luxury living for students. Bookings are now being taken for the start of the 2021/22 academic year, and all COVID-19 safety measures will apply.
Martin Corbett, Managing Director at Homes for Students comments: “We are so excited to work alongside Niveda Realty and Create Construction to bring Bowline to life with our Prestige Student Living brand. Bowline brings something fresh to the student accommodation scene in the city, and we feel confident that despite the many challenges students face in the current climate, finding their new home with us in the city won’t be one of them.”
Bowline will have a ‘boutique’ feel - with interior design by the award-winning ICA; each room designed to be exciting, stylish and inspire creativity.
The stunning luxury accommodation is being built by Create Construction and will consist of 47 self-contained studios and 49 clusters comprising of 357 ensuite cluster rooms, with fantastic communal facilities that include a sky lounge, private dining areas, gym and games room. A range of social and study spaces will help to create the ideal “home away from home” for residents, bringing that extra level of sophistication to student living. A range of rooms are available, from a standard en-suite to a deluxe studio.
Create Construction, experts in High Volume Accommodation, also completed the Calico student scheme in Liverpool for Niveda in 2019. Having recently just completed Manchester's first Hampton by Hilton hotel in Manchester, the company is now working on three other large student schemes in Liverpool, Coventry & Swansea - with more student and hotel projects in the pipeline.
Niveda Realty is bringing over 500,000 square feet of real estate to fruition worth a GDV of £150 million in the coming two years and has further plans for continued growth and expansion in the PBSA sector.
Gintas Karpavicius, Managing Director at Octanos Capital Advisory, added: “Octanos is delighted to have assisted our long-standing client, Niveda Realty, with funding for the Bowline project in this challenging environment. This is testament to Niveda Realty’s unwavering commitment to the PBSA sector and Liverpool in particular, and we look forward to working on future projects with Niveda Realty across the UK.”