Crosslane first entered the Edinburgh market in 2011, successfully advising on the purchase of Meadow Court, a 148 bed student accommodation property on Sciennes in Edinburgh. Since then, Prime Student Living, the student accommodation lettings and operational management arm of the Crosslane Group, has managed Meadow Court and together with McLaren Property in August 2017 announced details of the high-specification refurbishment of the entire development.
In August 2017, Crosslane secured planning consent for the development of an 83 bed purpose-built student accommodation project on Calton Road, conveniently located nearby to Holyrood Park, one of the city’s premier beauty spots. The high specification studio development will accommodate students within a stone’s throw of some of Edinburgh’s foremost attractions and points of interest, including St Anthony’s Chapel, the Salisbury Crags and the park’s highest peak, Arthur’s Seat.
Edinburgh is a popular student city and is home to approximately 49,000 full time students, with the University of Edinburgh ranked in the top 20 of The Sunday Times and The Guardian university league tables. There is a severe lack of quality purpose-built student accommodation in the city and Crosslane is committed to seeking to identify and develop new student accommodation to help ease the supply demand imbalance.
Jon Stewart, Director of Crosslane Student Developments, said:
“Crosslane is delighted to have developed The Old Printworks student accommodation scheme in central Edinburgh, on behalf of Unite. The development has been completed on budget, ahead of the start of the academic year and is fully let.
Understanding the needs of students is vital to Crosslane’s established track record and the fact it is fully let is testament that The Old Printworks provides the facilities and services that students want and helps to meet the demand for purpose-built, high-quality, student accommodation in this popular student city.”
Donald MacDonald, Managing Director, Ogilvie Construction, said:
“Our teams at Ogilvie are specialists in building student accommodation and have delivered another quality building, constructed to the highest standards. It provides a premium living environment for students studying in Edinburgh.”
For further information, please contact:
Newgate (PR adviser to Crosslane)
James BenjaminTel: +44 20 7680 6550
About the Crosslane Group
The Crosslane Group is an international multi-platform real estate company focused on acquiring, developing and managing student accommodation assets and bespoke residential developments across the UK and Europe.
Crosslane has established a proven track record of successfully acquiring, developing, investing in and managing high quality, purpose-built, conveniently located student accommodation property across Europe, completing over 3,000 beds since 2008. Crosslane has identified a substantial UK development pipeline of over 3,300 beds and a growing development pipeline in Continental Europe.
For further information, please visit: www.crosslanegroup.com
About Prime Student Living
Prime Student Living, part of Crosslane, was established in 2008 to manage, market and let student accommodation, specialising in all aspects of property management including lettings and marketing, customer service and health and safety. A key differentiator of Prime Student Living is being part of Crosslane, providing an end-to-end integrated solution via the capabilities of each of the companies within the group. Knowledge and experience gained via Prime Student Living, alongside customer research, supports the building design process to ensure Crosslane delivers long-term, sustainable, best-in-class student accommodation.
Prime Student Living has experience operating 15 student accommodation properties, managing 2,987 rooms in 12 major university cities throughout the UK and Germany including Birmingham, Bristol, Dundee, Edinburgh, Glasgow, Lancaster, Liverpool, Manchester and Newcastle, as well as Osnabruck and Oldenburg in Germany. Prime Student Living acts as the property manager for a number of large investors in student housing sector.
For further information, please visit: www.primestudentliving.com
About Ogilvie Construction
Ogilvie Construction is part of the Ogilvie Group, one of Scotland’s most consistently successful family owned businesses. The company is over 60 years old and employs more than 400 people across its various business operations in the UK.
For further information, please visit: www.ogilvie-construction.co.uk