(To read more on the multifamily market, click here.)
LONDON-Blackstone Group has unveiled plans for a euro141.64-million ($180.51-million) student accommodation developmentnear Kings Cross in London. The move is the first step in bid tooverhaul university living across Britain and to capitalize on ahuge growth market.
The first scheme in the roll-out program is a 16-story towerblock which Blackstone is converting into 846 ensuite bedrooms withkitchenettes, 50 private apartments, 14 affordable apartments,parking space for 250 bicycles and retail units and commercialspace. It will be ready next September.
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