BAM Properties (part of BAM
Construct UK) and the specialist developer Connislow have formed a joint
venture to pursue opportunities in the student accommodation market.
The first BAM Connislow
development is on site in Ainsley Street, Durham and the joint venture has
other potential projects under consideration in key locations throughout the
UK. David Cotton, BAM’s Business
Development Director says: “BAM has a thorough understanding of the
University sector. We have built more than 100 university faculty and
accommodation buildings in the past ten years and we understand that
competition to attract the most talented students is global.
“The availability of quality
student accommodation, especially for post-graduate and international students,
is an important factor for universities. BAM acted as Connislow's principal
contractor on an accommodation scheme in Green Lane Durham. Our excellent
collaboration on that project led to the formation of the joint venture.” John Parkinson, Managing
Director of the BAM Connislow JV, says: “The joint venture will focus on
developments in university towns where future supply is constrained by land
availability, historic factors and planning policy. Our developments are likely
to appeal to funding partners who wish to pursue a longer-term investment
strategy and who are attracted to the prime, scarce nature of the
developments.” BAM Connislow’s first project,
a development of 223 units at Ainsley Street, Durham is now on site and
will be completed in time for letting for the 2014 academic year.
About
BAM BAM
Construct UK is a major UK-wide contractor offering development, design,
construction and property development. In the past ten years, we have delivered
more than 100 university buildings. Our clients praise the quality of our
people, our ability to understand and realise their vision and our willingness
to do whatever it takes to deliver it. They say that working with BAM is
an enjoyable experience. We
are pioneers in the application of Building Information Modelling to create
buildings that will work better, last longer and will be easier to manage and
maintain.
About
Connislow The
team at Connislow have more than thirty year’s expertise in commercial property
investment and development, particularly in the student residential market,
where we have specialised exclusively since 2008. Connislow's expertise
lies in identifying and selecting appropriate sites and their feasibility for
student accommodation and seeing the schemes through to successful completion
for occupiers, operators and investors.
