Student Accommodation that gives Investors a Win-Win Solution

The removal of the cap on student numbers in UK universities has seen a 3% rise in university enrolment across the country. This has meant a shortage of accommodation with some students having to share bunk bed rooms in halls. Whilst others have been given reduced rate hotels with two weeks to find alternative accommodation.

In 2015 around £2.5bn was spent on additional student accommodation with around a 14% yield on investment. These figures are expected to rise.

To answer this gap in the market Premier Modular developed an innovative modular building system. This highly efficient light gauge steel frame based, factory engineered product is constructed by skilled assembly teams in the company’s 22 acre site in Yorkshire. The system is ideal for a full stand alone build and also perfectly designed for rooftop extensions in tight inner city locations.

These engineered and factory assembled products offer significant advantages in many areas.

Foremost are the time benefits, as manufacturing is done on a flow line there is no risk of late delivery from outside forces such as the weather. Business Development Director, Rachel Davis, commented ‘Rooms can be manufactured at a rate of 25 per week and complete houses at a rate of 20 per week, with minimal onsite time’

IMG_26.gif-web This speed of construction not only reduces labour rates and prelims but gives a much faster return on investment whether clients are selling or gaining a monthly rental income

This doesn’t mean compromise in other areas though, modules are constructed to exacting quality levels in the controlled factory environment and with as much as 75% of the buildings manufactured offsite, the risk of accidents on site is greatly reduced.

Premier Modular Ltd working as a supply chain partner to Sir Robert McAlpine completed a 5 storey 206 bedroom student accommodation block in Sept 2015. Located in Newcastle Upon Tyne city centre it consisted of a mixture of 54 studio flats, 105 en-suite bedrooms and 2 accessible en-suite rooms with associated living spaces, kitchens and study areas.

Premier was chosen as the preferred supplier due to speed of programme and the high quality finish that could be provided. The project was driven by an immovable programme requirement of the September student intake, Premier efficiently manufactured 300 modules fully fitted out and decorated in the factory – an excellent demonstration of the enormous time benefits realised by using the off-site system.

IMG_23-webSignificantly the foundations and demolition commenced on site whilst the modules were being manufactured – ensuring no time was wasted in the process.

Rachel Davis, Business Development Director at Premier Modular said ‘Completing this project using off site construction not only gave the investors a whole year of additional return, it was also a deciding factor in ‘The Foundry’ in Newcastle winning  ‘Project of the Year Up to £10m’ at the Construction News Awards. The client is at the centre of everything we do and we take great pride in pushing the limits of modular design whilst balancing other key project drivers ’

‘We always strive for innovation and excellence, coupled with a customer-focussed service ethos, and are proud and excited to have been shortlisted for an Offsite Award on another recently completed project. These awards are confirmation for ourselves that we continue to be forward thinking and creative.

IMG_01-webIn a market where an increased rate of build is required, building standards are increasing, sustainability is of upmost importance and high quality lifestyle choices are an expectation – Premier Modular’s offsite construction has the answer.

To View more about Premier Modular please visist www.premiermodular.co.uk

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