Crosslane Student Developments in Edinburgh
Part of Crosslane Group, Crosslane Student Development first entered the market in Edinburgh in 2011 by successfully advising on the purchase of Meadow Court, which is a 148 bed student accommodation property that is located in Sciennes, Edinburgh. After this Prime Student Living, a student accommodation lettings and operational management arm of the Crosslane Group has been managing Meadow Court with the support of McLaren Property. In August 2017 it was announced that the entire development will undergo a full, high specification refurbishment.
Prior to this, Crosslane Student Developments announced that they have completed their work to develop The Old Printworks. The development is in central Edinburgh and has been completed in time to welcome students for the 2017/18 academic year. The construction work has been carried out by the company on behalf of Unite Group. The contractors for the project were Ogilvie Construction.
This development has been valued at approximately £31 million and is close to the University of Edinburgh campus. The newly completed accommodation is also close to the historical Royal Mile. Work first started on the project in January 2016, with the topping out ceremony being carried out in March of this year.
The Old Printworks has 44 studio apartments and 193 beds in clusters of three to nine bed flats spread out over a five storey development. The students that have let this accommodation will be able to enjoy a range of high specification communal facilities such as a gym, a bike storage space, meeting space and common room as well as laundry facilities.
Edinburgh is a popular student city and is home for around 49,000 full time students during term time. The University of Edinburgh is ranked in the top 20 of The Sunday Times and The Guardian league tables. Despite this, there appears to be a significant lack of quality purpose built accommodation to house students in the city. Therefore, Crosslane has been working to create new accommodation to meet the demand.