• Markey Group begins work on new eighty-five student bed scheme in central Bristol

  • centre gate bristol

    Press release 10.02.16

     

    The Markey Group, a leading property developer providing construction, kitchen, furniture, and student accommodation amongst its portfolio of services, has started the development of new student accommodation at Centre Gate in central Bristol.

     

    Centre Gate at Colston Avenue is an ideal location for student accommodation, being within easy walking distance of the main University buildings and having excellent public transport links for UWE.

     

    The Centre Gate student accommodation scheme responds to the increasing need for student accommodation in Bristol. It is a sustainable location that is not reliant on the use of cars, and will bring increased footfall and spending power to benefit local businesses.

     

    The Markey Group worked closely with Henry Boot Developments Limited and Cheltenham based professional services firm Knights to secure the deal last year.

  • Tony Markey, Markey Group Director and principal of the joint venture partner said “It was a pleasure to work with both parties on such a significant property deal in Bristol”. The Markey Group and Henry Boot Developments are now joint owners of the scheme.

    Julian Painter, director at Henry Boot Developments said: “Investment in the student market has surged over the past two years or so, as demand for high quality accommodation increases. Henry Boot Developments have been looking to enter this market for some time, but wanted to do so with a partner company with good knowledge of the sector. We found the ideal company in The Markey Group.”

    Derek Callanan, a Partner at Knights said: “This was an interesting transaction which called on a number of services that Knights offer and we are very pleased to have helped facilitate the purchase.”

    Markey Group companies will work together to complete the project. Markey Construction and Markey Building Services will convert the existing offices into student accommodation, Premiere Furniture will provide kitchens, bathrooms and student furniture, and Markey Interiors will provide additional design and interiors elements. Student Digs will take responsibility for managing and letting the accommodation, which will open in time for the Autumn term in September 2016.

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