Student Development - Alwyn Court, Cardiff

Project Overview

  • UK investment opportunity
  • SPV client
  • Student property development
  • Planning gain and build out
  • Project value: 3,600,000
  • Project duration: 48 months from acquisition, planning approval, ecology clearance and construction
  • 62% Loan to value
  • Services provided: Opportunity realisation, investor relations and sourcing of funding Land acquisition Planning expertise Full design & construction service with warranty provided

This student development started as a joint effort, with Coyne Group acting as an advisor to a property development firm. They approached Mike requesting guidance on the correct land to purchase for a contemporary student block. The Coyne Group identified a central location in Cardiff and purchased the land unconditionally. Cardiff city council were supplied with the development plans, with permission being granted 6 months later. The building consisted of 51 student apartments which were a mixture of studio apartments and cluster flats. Each room had its own Roca en-suite which provided a luxury feel to these dwellings. Each studio was designed to feel bright and modern, taking into consideration study & relaxation time. Each studio apartment was completed with appliances and high quality fixtures and fittings making these spaces highly desirable among the student population of Cardiff. When it came to exiting the project and providing our investors with their return, we did so by selling a sister project in tandem with Alwyn Court, presenting them as a property portfolio. This process was longer than our usual exit process as we filled the apartment blocks for two separate semesters.




offices:
Bristol

Quays Office Park
Conference Lane
Portishead
Avon
BS20 7LF

+ 44 (0)1275 866445






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+44 (0)1275 866445 info@coyne.global