Olympian Homes and Cain International are excited to announce a C£150m funding agreement which will deliver two PBSA schemes in two key University Cities within the UK.
Cirrus Point in Leeds will comprise 660 beds over 255,000 Sq.ft. The 45-storey development will be the tallest building in Leeds and the tallest PBSA only building in the World at 191m. Students will enjoy stunning views across Leeds as well as access to high quality amenities including a gym, yoga studio, cinema, games room, co-working, group dining facilities and roof terrace. Olympian acquired the site in 2021 and have been working on plans for delivery since. The scheme will complement the adjacent 44 storey Altus House which Olympian delivered in 2021. RG Construction has been awarded the construction contract and is due to start on site in August 2023 with completion for Academic Year 2026.
Rialto House in York will include 275 high quality student bedroomsover 80,000 Sq.ft.
The development is suitably positioned for all student needs, being a 10-minute walk from the city center and a 7-minute bus ride from the University of York. The market leading amenity provision will include a gym, yoga studio, cinema, games room, co-working, group dining facilities and landscaped courtyards. GMI Construction has been awarded the construction contract and is due to start on site in August 2023 with completion for Academic Year 2025.
Olympian Homes are thankful for the proactive nature of Leeds City Council & York City Council in sharing our vision and addressing the major supply/demand imbalance of PBSA within these cities. We look forward to commencing works onsite whilst continuing working with the local community and remaining a long-term stakeholder within both cities.
The deal also highlights the confidence in bringing forward major investment into the PBSA sector, demonstrating its resilience during a challenging economic climate. We appreciate the boldness of our partners, Cain International, for sharing our sentiment and believe this will be the start of a strong, long-term partnership.