+44 (0)1275 866445
info@coynegroup.co.uk

Student Development - St.Thomas Beckett Chambers - Kent

Project Overview

  • UK asset backed investment opportunity
  • Purpose build student accomodation opportunity
  • 45 apartments over two floors
  • Central location with enormous student population
  • Join the project via loan note or shareholding
  • Equity required: 1,276,300
  • Senior debt: 2,941,500
  • GDV: 5,025,800
  • 59% LTV


Canterbury is located in Kent in South East of England and is the regions top student destination. With a population of 170,000 people, Canterbury is recognised as the regions second largest population centre. In 2014 1 in 5 people were over 65 with the vast majority of the population aged between 20-24, indicating a large student population. In 2014 there were 30,000 students present in the city, equating to almost a fifth of the entire population. This number forecast to grow in line with local university growth plans. The 30,000 students in Canterbury attend either; University of Kent, Canterbury Christ Church University, University for the Creative Arts, or the Girne American University Canterbury. University of Kent recently achieved an outstanding teaching Gold Award, testament to their ambition to provide the best possible teaching environment for their students, and additionally, grow their student numbers.Kent University is not the only educational institution in Canterbury committed to improving their teaching environment. Christ Church University have joined forces with Kent University to develop the county’s first medical school. The bid for funded placements was accepted in March 2018, meaning up to 6000 additional student will be based in Canterbury.

Canterbury is a historic English cathedral city and UNESCO World Heritage Site, which lies at the heart of the City of Canterbury, Kent. This beautiful city lies on the River Stour and is a popular tourist destination: consistently one of the most-visited cities in the United Kingdom. The aesthetics of this project are designed to fit in with the local buildings & surroundings, in-keeping perfectly with Canterbury Councils planning guidelines. With regard to the design and appearance of the building, our architect has now drawn-up his sketch that was previously submitted to the Council and the development is now of a traditional appearance, restoring the terrace along Cossington Road. Some minor design tweaks may be required during the course of the application, although the architects do not think that they would be significant. The architect has also changed the roof profile, reducing the presence of the flat roof at the rear to address the comments of the Conservation Officer. 

 




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