Alumno’s £24million project to develop purpose built managed student accommodation on Dogpool Lane in Birmingham is to receive funding through a partnership with Woh Hup Holdings, one of Singapore’s largest construction companies.
Founded 95 years ago, Woh Hup has ongoing purpose-built student accommodation (PBSA) developments in York, London and Bristol and further projects are underway.
In 2020, in partnership with Metro Holdings and Lee Kim Tah, Woh Hup launched Paideia Capital UK Trust to acquire the completed UK-based PBSA assets. Since its inception, Paideia has acquired sites in Warwick, Bristol, Glasgow, Exeter, Durham and London.
Woh Hup’s investment in Dogpool Lane focuses on a new 24-hour managed residence designed to accommodate the growing number of students attending local universities and a dental hospital, reducing the pressure on private accommodation in the area.
It will include a mix of grouped beds and single occupancy studios for 167 residents, as well as reception and common areas.
The program will also provide improved retail space for the existing site-based post office and newsagent, which will be relocated nearby during construction.
Former regular partners Glenn Howells Architects will design the building.
“I am delighted that we have secured funding from Woh Hup for this project, which will boost the local business economy and provide much needed accommodation for Birmingham’s growing student population,” said Alumno Managing Director David Campbell. . “As with all of our developments, we have worked closely with the surrounding community and local authorities to ensure the scheme enhances this vibrant area.”
Commenting on the funding for the project, Phil Johnson of Woh Hup said: “We believe that high quality, purpose-built student accommodation in the UK offers great opportunities for investors. We are thrilled to partner with Alumno, an outstanding and pioneering developer specializing in this field, and we look forward to growing this relationship. »
Alumno plans to complete the new building for the admission of 2024 students.