Investment News | 14 April 2021
Student flats plan for former tax office building
Plans have been put forward to turn a former tax office building in Derby into 166 student flats.
Towards the end of last year, Staton Young secured a deal to buy Northgate House, in Agard Street, which had been occupied by HMRC for more than 30 years.
Following HMRC’s decision to centralise operations to Nottingham, Staton Young decided to buy the five-storey building, which offers 45,000 sq ft of floor space.
Now, it has submitted a planning application to Derby City Council to bring Northgate House back into use by turning it into student accommodation.
Marc Brough, managing director at Staton Young, said: “While our portfolio remains heavily centred on high quality serviced office space, we have been keen to move into the student accommodation sector for some time.
“This deal, and our subsequent plans, re-emphasises our deep commitment to Derby.”
According to Staton Young, its aim is to create a safe, modern and community driven accommodation for those wanting to immerse themselves in the student lifestyle that the city provides.
Maber Architects is driving the design and planning of the scheme, with Armsons providing project management and cost consultancy advice.
Maber has designed a mixture of single apartments and studios, which all include communal kitchens.
The plans also include a laundrette, gym facilities and 24/7 security, along with an open plan communal space on the ground floor, allowing students to socialise in a safe and monitored environment.
Northgate House is close to the University of Derby’s School of Law and Social Sciences at One Friar Gate Square.
Staton Young aims to complete its project in time for the academic year beginning in September 2022.
Marc said: “We view Agard Street as a key university street – and we are very excited about the University of Derby’s proposed plans for developing their sites further south on Agard Street.
“We see our scheme as wholly complementary, serving to meet the needs of growing numbers of students attracted to Derby.”
Councillor Matthew Holmes, deputy leader of Derby City Council, said; “It’s inspiring to see ongoing investment in Derby, despite the difficulties many are facing as a result of Covid. We are a city that has a lot to offer.
“This building has been disused for some time and we welcome plans to bring it back into use.
“Derby is extremely fortunate to be home to world-renowned teaching institutions and it’s important that the city is able to cater for those who choose to come to study here.”
