Unite wins approval for 563-bed Camden development

1st Aug 2011 12:51

Student accommodation firm Unite Group has won planning approval for a 563-bed development in Camden, London. The scheme is said to have received unanimous approval from the council and will offer a range of cluster apartments and studios, scheduled for completion in 2013."Located in the heart of Camden, the development is close to several key London universities and benefits from excellent transport links, situated just five minutes from Kings Cross. The proposal has been taken forward in partnership with Travis Perkins (Properties) Ltd who will be provided with a new trading facility at the ground floor of the development once it completes," the firm said.The scheme is part of Unite's London development pipeline which plans to deliver an additional 4,000 beds in the city by 2014, 1,900 of which the group already has planning permission for."The scheme in Camden is a further milestone in our target to substantially expand our presence in the key London market. We expect London to continue to benefit from strong market fundamentals, with the supply/demand imbalance still a key factor, and we expect it to remain the most attractive and thereby resilient destination for UK and international students," said the group's development director, Richard Simpson.Shares were trading 0.24% higher at 212p at 14:37 on Monday.BC