Unite Students has acquired a site on Lower Parliament Street in Nottingham city centre with planning consent for a 270-bed student residence.
Total development costs for the scheme, expected to open in September 2024, are estimated to be £34m.
Nick Hayes, group property director of Unite Students, said: "Through this opportunity we are able to cater for the increased number of students wanting to attend the University of Nottingham and Nottingham Trent University, both located in a growing regional city. This commitment increases our secured pipeline to over £800m, its highest ever level, and we continue to see opportunities to add further schemes in London and prime regional markets at attractive returns."
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