More millions flood in to student letting

AFS Team·6 July 2011·3 min read

More millions flood in to student letting
Investors and developers are still piling millions in to student accommodation on a large scale in university towns and cities across the country. The latest headline scheme,is a £110 million campus for Manchester Metropolitan University (MMU). The Birley Fields development will be home for around 6,000 teaching and healthcare students. The doors are expected to open in September 2014. Parking is a big issue for planners in Oxford. As space runs out for developments in the city, one of the latest planned sites for student accommodation is alongside the busy St Clement’s car park - but traders are fear their businesses will suffer while motorists are banished from the area during 11 months of building. Builders want to put up three accommodation blocks for around 140 student flats. Oxford City Council has put a brake on the start of building until a temporary car park is located - and hopes to announce one has been found soon. Parking is also a problem over the redevelopment of the former Conservative Club in Cowley, Oxford, in to 200 student flats. developers have allocated 130 cycle bays but only four car parking spaces for the new building. Residents are concerned parking will overspill to the streets around the block but the block owner plans to impose a ‘no car’ policy for tenants who will be evicted if they break the rules. The city council has already run in to trouble over their no car policy written in to planning approvals as ‘unenforceable’ after the DVLA refused to process vehicle registration checks due to data protection worries. Meanwhile, councillors in Lincoln have barred students from flats in a new development. Paul Seddon, development services manager at Lincoln City Council, said: "We now put agreements in place with developers to prevent students occupying accommodation of this sort. "These agreements stay in place indefinitely unless amended through the planning system." None of these anti-student policies have been put to a legal test yet under equality and anti-discrimination laws. Some councils in Wales have enforced a ‘locals only’ policy on housing only for the Welsh Assembly Government to announce that their lawyers believe the restrictions contravene European laws.