industry news
Collegiate AC breathes new life into Derby’s student accommodation offering
most luxurious student accommodation as part of an exciting new regeneration scheme. Roman House, situated on Friar Gate in the
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“The newly developed Roman House will also place student security as a key priority, with features that include electronic door entry, an out-of-hours service, an on-site manager and CCTV”
former Derby council office block is being transformed into a residential development that will become the city’s
heart of Derby, has previously been home to the city council but will soon become home to a new generation of students studying at the University of Derby. Fitting into a wider regeneration programme of
the Cathedral Quarter, the change of use of the property has been granted following an alteration in the Permitted Development Rights (PDR) that allows former office buildings to be turned into residential dwellings. Roman House will be managed by Collegiate AC
and is part of a much-anticipated expansion by the company that sees them launch 11 new projects this year. While Collegiate AC is prevalent in many of the
top university cities throughout the UK, this will be the first Collegiate AC site in Derby. The scheme, exclusively available for 128 residents, will provide a new standard of student accommodation in the city, offering a wide range
of luxurious facilities. These will include an on-site cinema, private gym, social hub and seminar rooms, alongside high-speed broadband and Wi-Fi to ease every aspect of student life. The newly developed Roman House will also
place student security as a key priority, with features that include electronic door entry, an out-of-hours service, an on-site manager and CCTV to provide peace of mind round the clock. Heriberto Cuanalo, CEO of Collegiate AC,
explains how much they are looking forward to launching in Derby: “We are proud to be able to now offer students at the University of Derby the option of a luxurious student living experience, and see Roman House transformed into a desirable and sought-after city centre residential scheme. We are very much looking forward to welcoming the first residents to Roman House and hope they will love their new surroundings as much as we do.”
European reform extends the wait for social housing
to draft legislation on European reform. The white paper, The Best of Both Worlds –
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Our Special Status in a Reformed EU, makes clear that the change in the “residency test” will not just apply to new migrants but also anyone moving within Britain. It’s publication in late February follows the Prime Minister’s negotiations with other European leaders to change the country’s relationship with the European Union. “This is aimed at ensuring that sufficient
affordable housing is available to those among the local population who are on low incomes or otherwise disadvantaged and who would find it particularly difficult to find a home on the open market. We will extend this qualifying period to four years.” The Foreign Office says that existing
guidance to local authorities already makes it clear they should require a potential tenant to live in the area for at least two years before they are considered for social housing with councils or housing associations.
pplicants for social housing will have to live in an area for four years instead of the current two, according
Grainger’s profits on the rise T
he country’s biggest private sector landlord has made a busy start to the year announcing big increases in income, major
changes in its future direction and selling off its German business. Grainger plc, the UK's largest listed residential
landlord says it is experiencing continuing levels of high demand for it’s wholly owned and managed private rented sector homes and strong growth in regulated tenancy rents. Rental increases in the past year for owned and
managed PRS homes averaged 7.8 per cent on new lets (excluding refurbishments) and 3.6 per cent on renewals. Including refurbishments, rents for new lets increased on average by 10.0 per cent. Increases for regulated tenancy properties, where biennial rent reviews have been completed in the period, averaged 6.3 per cent.
Activity
Grainger reported that it received £39 million from the sale of vacant properties in 2015, compared to £26 million in the previous year. It also has a sales pipeline currently valued at £83 million. Over the next four years to 2020, Grainger
expects to invest over £850 million in its private rented business, through acquisitions, developments and refurbishments to its existing stock. In a bid to simplify and streamline the business,
Grainger is continuing to dispose of its properties in Germany. New rented schemes being developed in England include the building of 600 new private rented homes at Salford Quays and buying a 25 per cent equity interest in Kew Bridge Court, in west London.
16 | HMM March 2016 |
www.housingmmonline.co.uk
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