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December 2020

What
Tiger Developments has sold a residential schemein York
Why
Group has secured planning permission for 62-home project
What next
Modernistiq to deliver scheme as part ofwider 600-home regeneration

Tiger Developments has sold a site in York with planningpermission for a residential scheme to Leeds-based Modernistiq. The plot, which forms part of the wider 600-home HeworthGasworks regeneration site, has consent for 62 apartments,including a mix of one, two, and three-bedroom apartments.
Modernistiq will now look to build out the “high-end”apartment scheme which will sit on Eboracum Way in York.
Tiger Developments had previously developed part of the Heworth Gasworks site, having acquired a 2.3-acre plot todeliver a Travelodge hotel and a drive-thru Costa Coffee.
Seb Horst, development manager at Tiger Developments, said:“This development promises to be an excellent addition to thewider regeneration of this part of York. Alongside nearby gasworks, transforming this vacant brownfield site into a highquality, sustainable building will provide well-designed homesfor the people of York and help to create a whole new community.”
Steve Wright, group director at Modernistiq Group, said: “We believe York is a fantastic location for owner occupiers andinvestors alike. With it being part of the golden triangle we seelarge demand for high end specifcation apartments, offering great value for money.”
BNP Paribas acted for Tiger Developments whilst Modernistiq represented itself.

This article was published by React News.

October 2020

Host Student Housing has completed three new student accommodation properties prior to the new academic year starting. 

A trio of student accommodation buildings have been completed in Southampton, Leicester and Colchester, with all three providing over 900 student beds, which Host will continue to manage and operate.

Worth £91m (GDV), the three sites have been developed by Host Student Housing Ltd. (associate company of Tiger Developments Ltd. & O’Flynn Group),

Southampton was forward funded by Railpen (the railway industry pension fund), their first investment in the student sector. The Colchester and Leicester properties were self-financed, together with loan facilities totalling £25m from Puma Property Finance and will be retained building upon Host’s existing portfolio of student accommodation.

John Nesbitt, managing director at Host Student Housing, said: “Delivering new, modern and, most importantly, safe accommodation for students has been our priority in 2020. I’m very proud that our team has completed these developments on time despite the significant obstacles presented by the pandemic and that we are ready to provide more students a safe, friendly and high-quality environment in which to start their studies.”

 

Source: https://www.propertyweek.com/news/host-completes-91m-university-asset-tr...

 

February 2020

Plans for a new five-storey building featuring more than 60 flats have been given the go-ahead.

Under the plans, Tiger Developments will build 62 one-, two- and three-bed apartments, of which 19 per cent will be affordable homes. City of York Council approved the application earlier this week (11 February 2020).

The council initially deferred a decision on the application January 2020. The scheme was subsequently revised and will now include a 28-space car park, and bicycle parking for each apartment.

Seb Horst, from Tiger Developments, said: "A vacant brownfield site will be transformed into a high quality, sustainable landmark building, providing high-quality homes for the people of York whilst creating a new community that will enhance the character and appearance of the area."

Other contributions made by Tiger Developments through the scheme include financial assistance to increase capacity at Tang Hall Primary at Archbishop Holgate schools; improve tennis, basketball and bowling green facilities at Glen Gardens; enhance accessibility at Monk Bridge Gardens; and help create a publicly accessible children's play space at Park Grove School.

This article was published by Insider Media Ltd.

January 2020

Hoxton London is the first 'ground-up' students homes scheme backed by the bank's pioneering green loan initiative.

Tiger Developments and it's sister company Host Sudent Housing have unveiled Hoxton London, in what they are calling a 'Happiness-driven' student accommodation scheme that is back by Lloyds Bank's green loan initiative.

Tiger and Host Student Housing have developed over 12,500 student beds in the UK and Europe. the 273-bed scheme has been designed by architect Stride Treglown. 

Senior Development Manager at Tiger Developments, Keith Dean, said: "By drawing on extensive expertise, The Project at Hoxton sets a precedent for quality and research-led design in this sector. The student accommodation market is rapidly changing with growth at the top end. Within this competative market, it's critical we deliver buildings that enhance the student experience, and this goes hand-in-hand with responding to their wellbeing and welfare needs."

The Project is the first ground-up student development support by Lloyds Bank's green loan, with funding through the bank;s Green Lending Initiative.

The building has been awarded a BREEAM 'Excellent' rating and once occupied, the development and investement team are committed to procurring all the building's energy from renewable sources.

A dedicated student management Project Guide is on site to help curate a specialised programme of social activities and wellbeing initiatives, such as yoga and cooking lessons.

Kate Wojciechowski, South East Regional Manager at Host, said: "Wellbeing and welfare is primary to The Project at Hoxton's ethos. This environment is designed to nourish a balanced lifestyle and a supportive student community. By appointing a specialised Project Guide, The Project at Hoxton is taking the right steps to maintaining and enhancing the wellbeing of its residents and helping them to adjust to their new lives." 

 

This article was published by CoStar.

December 2019

M&G has bought one of the two remaining student accommodation buildings in Blackrock’s Onyx Collection.

 

The investor has acquired 273-bed asset The Project at Hoxton for a price of £79m, reflecting a net initial yield of around 4.25%.

 

Developed and run by Host and its development arm Tiger Developments, the building was completed in August this year with a GDV of £70m. With interior design by Naomi Cleaver, the building was developed with a focus on incorporating well-being and encouraging student participation.

 

The building is one of four in the collection. Two further assets - The Elements in Sheffield and The Foundry in Leeds, were sold to Far East Orchard for £71.65m last month.

 

The final asset and the largest in the collection with around 920 beds, Point Campus, is under offer to DWS for a price understood to be higher than £118m.

 

Blackrock instructed agents to sell the four buildings back in May, with a target price of around £300m. At the time it said it was open to selling the buildings individually or as a collection.

M&G declined to comment.

 

This article was published in Property Week.

October 2019

Work has started on a 125-student flats development in Leicester city centre.

Tiger Developments and nmcn are working on the project in Castle Street for students at De Montfort and University of Leicester.

A two storey, 1960s office block will be knocked down to be replaced by a part three, part four and part five-storey building, housing 125 bedrooms across 20 cluster flats and three one-bedroom studios.

The development was granted planning permission by Leicester City Council in November 2018.

It is the second purpose-built student accommodation development the companies have worked on together in Leicester, the first being the refurbishment and extension of ‘The Glassworks’ on Newarke Street, which opened in September 2016, creating 398 student bedrooms. 

As with ‘The Glassworks’ the new Castle Street flats will be operated and managed by Tiger Developments associated company Host.

Keith Dean, senior development manager at Tiger Developments, said: "This is a great opportunity to regenerate this part of Leicester city centre, replacing a largely empty office block with secure, modern and much needed homes for students, many of whom will be living away from home for the first time. We are delighted to be delivering our second major development in Leicester, which is one of the UK's most diverse cities and has a thriving international student community."

Nick Banks, nmcn’s operations director for the building business unit, added: "The ceremony marks the continuation of our partnership with the client team and it is great to see the whole team together to mark the start of this prestigious scheme and be part of regenerating this historical part of Leicester."

The article was published by Insider Media Ltd.

September 2019

Work has started on a £16 million development aimed at providing more than 250 new homes for university students in Colchester.

New artist's impressions from student accommodation provider Host reveal the scale of the development, on the site of the former bus depot in Magdalen Street.

Self-contained studio flats, en-suite 'cluster' apartments with private bedrooms and bathrooms, a gym, quiet study area and seminar room are all planned for the scheme, which was given the green light in October 2018.

If all goes to plan, the flats will be ready in August 2020, with the first students set to move in the following month.

"This development in Colchester town centre will provide a great place for students to live within a very short distance of the University of Essex, one of the top 10 fastest growing universities in the UK," said Keith Dean, of developers Host and Tiger.

Planning officers at Colchester Borough Council had previously expressed hopes that the student flats scheme would help to regenerate the area.

July 2019

Tiger Developments Ltd. have lodged plans for the construction of a new block of more than 60 apartments on a derelict site in York.

Supported by Rolfe Judd Planning & 3D Reid, we have submitted an application to City of York Council for the resurrection of the vacant brownfeield site at the junction between Eboracum Way & Layerthorpe.

In total, the development would yield 38 one-bed, 21 two-bed and 6 three-bed units, with 13 properties earmarked for affordable housing. A total of 22 car and 71 cycle parking spaces are proposed, with communal grounds and amenity spaces created for residents.

May 2019

Tiger Developments has secured funding on behalf of their partners Victoria Hall Management Ltd. (VHML) for the construction of two student schemes in Colchester and Leicester.

The £25m package will help to deliver 252 student beds in Colchester for students at the University of Essex, and 131 beds in Leicester which are located nearby to the campus of De Montfort University.

Further details were published in Property Week:

https://www.propertyweek.com/finance/-puma-makes-50m-of-new-loans/5102777.article

March 2019

Tiger Developments and Blackrock, who bought the two and a half hectare Southern Dairy Depot in Station Road, Drayton, in 2015 have sold it to developer Dandara.

The land has been derelict since at least 2009 and got planning permission in 2017 to become a mix of two-bedroom flats and two, three and four-bedroom houses. 

Among those properties, it is expected to contain affordable housing for families – as well as associated open space.

   

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