Published: Jul 28, 2022
Focus:
Property
The Maven property investment team have achieved practical completion on its latest purpose built student accommodation development at Murieston Crescent, Edinburgh.
The complex can accommodate up to 120 students and consists of 108 studios, including 6 spacious penthouse style rooms, as well as 4 three-bedroom cluster flats. On-site amenities include a common room, study area, private dining kitchen, laundry, and an outdoor landscaped courtyard with seating and table tennis. The property also has a number of Covid safe features, including touch free lighting and increased ventilation levels in common areas.
Maven worked alongside a strong development and construction team to deliver the project, with Bowmer & Kirkland acting as main contractor together with Project Managers Workman, award winning architects 56 Three, and Quantity Surveyors Gleeds. Woolgar Hunter and KJ Tait also supported on the engineering aspects of the build.
The original site has been transformed by the project and the building adds a new, modern space to Edinburgh's city centre. The site was bought by Maven in 2020 for £2.8 million and a further £12.9 million has been invested in the build and mobilisation of the property. Santander provided the bank facility for the development.
Maven has helped develop numerous PBSA sites across the UK and Murieston Crescent is another fantastic addition to its growing portfolio of luxury student properties. CRM Students has been appointed to professionally manage the scheme and the building has proven to be attractive to students as it is already at full occupancy for the 2022/23 academic year.
