Construction work on a new 370 bedroom student accommodation scheme in Swansea has marked its highest point with a topping out ceremony. The Ty Nant project, which is being forward funded by EQT Exeter, is being delivered by Bangor-based developer Watkin Jones.
The development, which will provide accommodation for Swansea University students, is scheduled for completed in September in time for the 2023-24 academic year.
The purpose built student accommodation (PSBA) scheme is Watkin Jones’ second in the city following the delivery of nearby near 1,000 bedroom St David’s scheme.
The firm’s chief investment officer, Alex Pease, said: “As rising demand for PBSA accommodation across Swansea continues, this is a great example of Watkin Jones creating the future of living, with sustainable and high-quality student homes.
“This scheme will offer students a great living experience in the city and will help to free-up much needed family homes, as student numbers in Swansea continue to grow. We are pleased to be continuing our partnership with EQT Exeter to develop high quality accommodation for future generations of students in the city, and this is a welcome addition to Fresh’s operational portfolio who will be managing this scheme.”
Russell Petrie, head of student Housing, EQT Exeter, said: “We are extremely pleased to hit this key construction milestone ahead of opening to students in September 2023 and commend Watkin Jones on the progress and build-quality achieved to date. Ty Nant sets a new standard for student accommodation in Swansea, and we look forward to continuing our relationship with Watkin Jones on future projects.”
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