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International Demand Drives Sheffield’s New Five-Year Student Accommodation Strategy
With a student population of over 60,000, Sheffield City Council has just approved a Student Accommodation Strategy to ensure quality housing provision. New build development, Spectrum Apartments, will add to the quality ‘pool’.
Between Russell Group member and world top 100 ranking University of Sheffield and the progressive Sheffield Hallam which gained university status in 1992, there are currently 48,630 fulltime students in Sheffield, but only 23.4% of them can be housed in university-owned accommodation. The rest either live with their parents or rent from the private sector, often in Houses of Multiple Occupation (HMO). The Council’s Student Accommodation Strategy will shape planning policy for the future.
Cabinet Member for Homes and Neighbourhoods, Councillor Harry Harpham, said, “Students are an important part of Sheffield’s make up. It is vital that we plan for the future. Our universities are growing and our student population is changing.”
Indeed the main change is the number of international students. According to its website, 24% of the University of Sheffield’s total student population is from overseas, over 4,000 of them from China. A further 3,000 international students are found at Sheffield Hallam, almost half of them from Malaysia. These students find many features of dedicated student accommodation (http://www.goglobalinvestments.com/
Joining the high quality accommodation pool is Spectrum Apartments, a development of 152 units built over seven storeys. Peter McDermott, Director of UK-based Go Global Investments (http://www.goglobalinvestments.com/
Peter continues, “Furthermore, international student demand is currently driven by a growing middle class in countries such as China, India, Brazil, Indonesia, Malaysia and Nigeria. The British Council estimates that the global number of higher education students will grow by over 11% from 178 million in 2011 to 199 million in 2020. This will push demand for quality housing even higher – in Sheffield and across the UK’s high ranking university cities (http://www.goglobalinvestments.com/
Newly released on the market, Spectrum Apartments is a ten minute walk from both the University of Sheffield and Sheffield Hallam, with the city centre on its doorstep. Comprising 147 en-suite bedroom units arranged in apartments sharing a kitchen, lounge and dining area, four self-contained studios and one premier penthouse, the project also benefits from a bright reception, central courtyard with landscaped gardens, a gymnasium, laundry and bicycle store.
Fully furnished student bedrooms are priced from £55,995 (http://www.goglobalinvestments.com/
For further information contact Go Global Investments on +44 (0) 1525 210 821, email email@example.com or visit www.goglobalinvestments.com.
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