Gross External Area 10,350m²
330 beds comprising of studio and cluster apartments
63 common rooms which include lounge, dining, kitchen and laundry facilities
Amenity spaces including gym, study room, bike storage, break-out space and cafe seating
An outdoor courtyard
RedOak Property are a real estate fund, domiciled in Luxembourg, and focused on UK purpose built student accommodation investment.
Targeting Russell Group University cities, where student accommodation supply opportunities exist, supported by strong institutional and student demand fundamentals, RedOak aim to construct a portfolio through development of high specification assets, seeking the mid to premium market and overseas students where rental growth is strongest. Implementing RedOak’s own design standards and operational management approach, added value is achieved through a comprehensive ‘bottom up’ approach, sourcing well located sites, and quality of delivery.
Oxford House, Leicester. 53 bed student accommodation acquired in 2014, currently fully let for the upcoming academic year 2017/18.
Athena Apartments, Leicester. 68 bed student accommodation acquired in 2014, currently fully let for the upcoming academic year 2017/18.
Stamford Buildings, Leicester. A former Victorian textile factory acquired in 2015. Renovation works to convert the building into a 109 bed student accommodation is due to complete at the end of August 2017. Fully let off plan for the upcoming academic year 2017/18.
Norwich Union House, Nottingham. A 5 storey office block located in the city centre acquired in 2015. Renovation work to convert the building into an 87 bed student accommodation is due to complete at the end of August 2017. 50% let off plan for the upcoming academic year 2017/18, expected to be fully let by August 2017. The property also includes 2 commercial units which have long-term leases with a major British high street bank and a pub.