GSA’s Head of Real Estate EMEA, Tim Mitchell, was present for the topping out ceremony of the Beckley Point student accommodation development in Plymouth earlier this month, and was positive about the city’s prospects for increasing its student population as the UK continues to appeal to global students.
The 507-bed building provides valuable exposure for GSA Coral and is one of the prime properties that form a part of The Student Housing Company’s (TSHC) UK portfolio. As one of GSA’s student housing brands, TSHC already provides rooms in fifteen popular locations across the UK with at least a further four projects in planning and slated for opening within the next 24 months.
Tim said: “There is a long-term sustained demand for higher education globally. There are 200million full-time students globally and that is forecast to increase to over 300million by 2025.” He continued that Plymouth has “a big opportunity” to build its population of students from abroad.
The new building, which is expected to be available for students in September, has already become a landmark in Plymouth and contains enough concrete to fill three Olympic sized swimming pools, and enough plasterboard to cover 13 football pitches.
A little over a thousand people have so far worked on the building and by the time it is finished in August, that number is expected to have grown to 1,500.
Head of GSA Coral Ben Harvie adds: “The scale and prominence of this new building in Plymouth puts into context the capabilities that GSA has as a leader in the student accommodation sector. Investors of the GSA Coral Student Portfolio have unique exposure to this project which will be welcoming its first student residents this coming September.”
The topping out ceremony was reported in the Plymouth Herald, which also featured photographs of the construction and the ceremony itself. Their full article is available here: