Student housing specialist Select Property Group has secured planning permission for a £41 million development at Fountainbridge in Edinburgh.
Operating under the firm’s Vita Student brand, the project will see the area’s former Palais de Danse – most recently a Mecca Bingo – transformed into 261 self-contained studios, along with a 5,000 square foot “social hub” area including private study rooms, a movie room and gym.
The development, due to open in September 2017, will also feature three retail and leisure units and marks the final phase of the city’s Fountainbridge regeneration scheme, which includes retail, office and residential accommodation.
Ken Knott, Select’s chief development officer, said: “After 18 months of working with the city’s planners, we’re delighted they now truly understand our award-winning Vita Student product and its unique position in the market.”
Chief executive Mark Stott added: “With eight residences operational and four more sites in development across Glasgow, Newcastle and York, we’re looking forward to adding another award-winning residence to our portfolio north of the Border and supplying the unmet demand in this fantastic city.”