Crosslane Student Developments (“Crosslane”), part of the Crosslane Group, celebrated thetopping out of its purpose-built student accommodation (“PBSA”) development calledCoppergate on the Kingsway, in Swansea on the 10 April 2019 which will open on time and on budget for the start of the 2019/20 academic year, following a tight construction timetable that began in March 2018.The new development has an expected gross development value of approximately £22 million upon practical completion.
Crosslane are proud to be delivering this new prestigious student accommodation project, situated in the city centre of Swansea, close the University of Swansea and University of Wales Trinity Saint Davidcampuses. The Coppergate development, is one of five new PBSA schemes by Crosslane within the recently announced Joint Venture (“JV”) with Harrison Street Real Estate Capital LLC. In addition to Swansea, the JV also includes new PBSA developments in Leeds, Coventry, Portsmouth and Cardiff, delivering a combined total of 1,685 beds and gross development value of approximately £180 million.
The ceremony was conducted by Lisa Timberlake, Senior Development Manager for Crosslane StudentDevelopments and Adrian Tottey, Managing Directorof Create Construction, and attended by the team of agents, contractors and professional partners working on the project, as well as the Prime Student Living team- the student accommodation lettings and operational management arm of the Crosslane Property Group, who are responsible for achieving full occupancy prior to practical completion and will continue to manage the building thereafter.
The 310 bed development will comprise of 24 self-contained studio apartments and 286 en-suite cluster flats of between 5 and 10 bedrooms spread across a 14 storey tower block and two six-storey wings. With a private landscaped central courtyard set inside the horseshoe formation, the building will also feature significant communal areas to encourage collaborative working and socialising,a reception area and a ground floor retail unit fronting onto The Kingsway, as part of the Council’s re-development plans taking place on this main thoroughfare in Swansea.The building is scheduled to be complete in time for the start of the 2019/2020 academic yearand will be one of the tallest in Swansea, providing residents with amazing views across the city and out to the coast and is expected to be particularly prominent because of its colour-changing ‘chameleon’ panelling.
The site is located close to Swansea’s main shopping area and many amenities, with the main bus station only a short walk away and public transport connections to both the University of Swansea and the University of Wales Trinity Saint David. In addition, the building will have a substantial indoor bicycle storage facility to encourage students to use bikes to travel to university.
Applications to Swansea University have grown by 60% over the past three years. Over the past two years, the University has embarked upon an ambitious campus development programme, having expanded the Singleton Park Campus and built a spectacular new state-of-the-art £450 million Bay Campus. The Coppergate development will go some way towards satisfying student demand for purpose-built accommodation, as well as supporting the university in its growth ambitions, whilst also freeing up more housing for local families and young professionals to rent.
During the event, guests were taken to the top floor of the building to view a breath-taking panorama of Swansea and the Mumbles just across the bay, which students living in the property will be able to enjoy. Everyone then listened to inspiring speeches from Managing Director of Create Construction, Adrian Tottey and Lisa Timberlake, Senior Development Manager at Crosslane, before visiting Prime Student Living’s marketing suite on The Kingsway to view the student accommodation showrooms.
Lisa Timberlake, Senior Development Manager, Crosslane Student Developments, said:
“Crosslane are delighted with the full support from all our contractors, supply chain and service providers to reach this key milestone in the contruction schedule and we look forward to completion in September ahead of the start of the 2019/20 academic year. Whilst Coppergate is our first development in Swansea, it represents one of three purpose-built student accommodation developments for Crosslane in Wales, with another new scheme underway in Cardiff, due to open for the 2020/21 academic year. We are keen to explore other sites in the region to develop more high quality student accommodation to help meet the growing demand for this type of student housing as the number of students in higher education in Wales continues to increase.”
Adrian Tottey, Managing Directorof Create Construction commented:
“It is fantastic that we have reached the topping out stage on this project for Crosslane and Prime. The project has not been without its constraints due to the tight footprint and the building’s size within its city centre location. With space being at a premium, we have worked hard with the Highways Agency to enable us to make progress – with regular dialogue with our local stakeholders and neighbours being the key. We have gained the support of all of our principal sub-contractors andare extremely confident that we will deliver this prestigious project for Crosslane in time for September’s student intake.”
Create Construction have brought to the table their considerable experience in the delivery of high-volume accommodation, having previously worked with Crosslane on Brass Founders – Sheffield, another prestigious student project. They continue to extend their pipeline of work as the company continues its impressive growth in this exciting area.
Adrian continued: “Our company values of ‘Integrity’, ‘creativity’ and ‘easy to do business with’ has allowed us to build a significant relationship with Crosslane, which I hope will continue for many years to come.”