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Northwest-based ethical property developer IPG is set to transform Deakins Yard, formerly known as Sky Building, into purpose-built student accommodation (PBSA) thanks to over £11m of funding from property financing and lending platform Brydg.
The funding will fund the initial work of the new Deakin’s Yard development, which is now being managed by IPG. The development is named after prominent former resident Fanny Deakin, the notable politician from Newcastle-under-Lyme.
Deakins Yard will deliver 273 units – a mix of 22 studios with ensuites, 127 large studios with ensuites and kitchens, ten one-bedroom apartments and 14 accessible rooms. Construction began last month, with the first phase expected to complete in Q3 2024.
The scheme aims to meet the ever-increasing demand for PBSA in the Keele and Newcastle-under-Lyme areas.
Read the full article here.
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