Gregory Properties acquires a site in York for a new PBSA
|Created At:||13 March, 2023|
|Created By:||Samir Badawy|
Gregory Properties has acquired a plot of land in York previously owned by Rent a Car and Just Tyres. This new acquisition is set to provide students with 138 student rooms and is a new addition to Gregory Property’s long list of student housing projects.
The building is set to be a three-story purpose-built student accommodation fit for 138 studios, and that comes with seven communal areas, which include welfare facilities such as a spa and lounges. When it comes to the location, it will be strategically located between the University of York and York St. John University.
The 1985-established development group has long been focused on building sustainable student housing projects across Northern England. Some of the company’s most successful projects include the Foss Island Retail Park’s 40 million-pound development project in 2007 and the Refinery, a PBSA part of the 400-bed student scheme in Leeds.
This current project is spearheaded by the head of residential for the company, John McGhee, who is also a chair of the York City FC Foundation’s trustees. According to McGhee, the company is committed to sustainably utilising the plots at Brownfield. It is a perfect example of the modern trend of using old structures to serve the community better, especially students. This direction is also part of keeping up with York’s constant developments. McGhee has also stated that York has a problem regarding student housing availability and housing prices; this is why Gregroy Properties aims to relieve some of the student housing shortage and ease up the university’s efforts in attracting potential talents deterred by the housing shortage.