Located in the heart of the city’s Knowledge Quarter, YPG’s scheme at 4-10 Pembroke Place is a six-storey building comprising 94 studio apartments and was back with overseas investment
A new £6.5m student development in Liverpool that proved a hit with overseas investors has welcomed its first tenants.
Located in the heart of the city’s Knowledge Quarter, the Pembroke Studios scheme at 4-10 Pembroke Place is a six-storey building comprising 94 studio apartments.
Local developer YPG was able to sell all of the apartments off-plan within six weeks of construction starting, thanks to fervent interest from overseas investors.
The 40,000 sq ft development, on the site of the former Salters Building, also features cycle storage, laundry facilities, a student management office, and three ground-floor commercial units totalling 2,700 sq ft.
YPG is in discussions to bring an authentic bubble tea café to one of the units. Businesses locating in Pembroke Studios will be benefit from a ready clientele of students, academics and hospital workers from the neighbouring university campuses and Royal Liverpool University Hospital.
There are around £180m of developments in YPG’s pipeline and Ming Yeung, managing director, said: “Liverpool’s student population is up a fifth on this time last year, with around 60,000 students choosing to study here – and this growth is showing no signs of slowing down.
“Transformative projects such as the Knowledge Quarter are set to make the city a global leader in sensor technology, while advancing its existing strengths in infectious disease research and life sciences.
“These R&D intensive industries thrive on close links to universities and hospitals. Liverpool is fast developing a world-class clinical academic campus, and students from around the world will continue to be drawn to it.
YPG has just started on site with a 10-storey, 218 bed student and key-worker development on Devon Street, New Islington, with the first residents expected to move in during early 2019.
The company has also applied for planning permission to convert an old Wirral Council building, just off Hamilton Square, Birkenhead, into a 200-bed student apartment block.