Purchase of a disused brownfield site and redevelopment to provide 499 en ‘suite student accommodation units with ancillary community areas including kitchen, laundry, café and gymnasium.
Osborne funded all pre-construction activity including obtaining planning permission as well as the construction works via a combination of in-house funds and external funding sources.
The project has achieved BREAM Very Good sustainability incorporating solar hot water heating, low u-values, high levels of heating control and low air leakage rates. On-going maintenance consideration included setting life cycle and maintenance costs, a 25 year guarantee on the selected bathroom pods and provision of robust furnishings.
The completed development has been let to the University for a term of 25 years and was forward funded by F & C Commercial Property Trust.
10 high quality industrial/warehouse units from 1440 to 6200 sq ft to let or for sale.
Osborne acquired one of the last remaining undeveloped sites on the established successful Eastways Industrial Estate located within a few minutes of Junction 22 of the main A12.
The units are constructed with steel portal frame, pitched roofs and elevations of profiled steel cladding. They have good floor to ceiling heights with minimum 6m to eaves. Energy Performance Rating to Band B providing a high degree of energy efficiency. All units have now been sold/let.
Cleared town centre site with unimplemented planning consent for office/hotel/residential development redeveloped to provide much need student accommodation plus retail units.
Osborne was aware of the University’s need for more student accommodation and carried out a land search exercise identifying the potential of the site which had been cleared and left undeveloped for many years. Working on a JV basis with the site’s owners Osborne entered into detailed discussions and negotiations with the local authority and the university and secured planning permission for a student housing development to provide 1104 units in three striking blocks ranging from eight to sixteen stories around a central piazza. The project includes a gymnasium and learning centre with retail units at ground floor level including a convenience store.
The development has been well received by the City Council and is seen as a catalyst for the wider regeneration of the surrounding area and well as the potential for releasing family housing currently occupied as HMOs.
The completed development has been let to the University for a term of 38 years and forward funded by Legal and General.