Downing has announced the successful acquisition of the former Bennett’s field car park by the Amex Stadium in Brighton, following its successful planning application at the end of last year.
In the last two months, Downing has acquired four UK sites spanning Bristol, Newcastle, North Acton as well as Brighton. These deals, combining to total of £50 million in value, are just the start of Downing’s ambitious development pipeline in the next year.
The purchased site will enable Downing to deliver a new PBSA student accommodation scheme for the University of Sussex, University of Brighton, British & Irish Modern Music Institute, Greater Brighton Metropolitan College, East Sussex College Lewes and other local high education providers.
The site will consist of 555 student rooms, which are comprised of 130 self-contained studio apartments, 397 student cluster rooms, 18 accessible studios and 10 cluster rooms.
Downing has made a strategic decision to invest in Brighton due to the growing student population in the city. As more students continue to seek higher-quality, purpose-built student accommodation (PBSA), it makes Brighton an ideal location for Downing.
As a leading real estate developer and manager, Downing operates sites throughout the UK, including London, Manchester, Bristol, Edinburgh, Glasgow, Newcastle and Liverpool.
Brighton has developed a strong reputation for its renowned diverse communities, shopping areas, its large and vibrant cultural, music and arts and student scene. This leads to its recognition of being a great fit for Downing.