20 December 2017
Barwood Capital has had its outline planning application to build up to 400 nursing or student bedrooms on surplus land to the rear of Riverside House on the Bedford Road, Northampton, approved by Northamptonshire Borough Council.
Riverside House is a one hectare site that was acquired 12 months ago for its 2015 Property Fund for £4.5 million. The site includes a 1970’s five storey office building.
The masterplan is to build on surplus land at the rear to provide accommodation for up to 400 en-suite rooms over two or three blocks and up to six storeys. The accommodation will be individual en-suite bedrooms, organised in clusters of six rooms with a shared kitchen and dining space for each cluster. It will also include some ancillary support and communal space providing high end accommodation for nurses working at the hospital or students.
The buildings will be a modern and attractive design providing a welcoming, secure and comfortable environment for the residents which will be a real asset to either the hospital staff or University students.
Danielle Sheppard, investment director, Barwood Capital said: “The approval by Northamptonshire Borough Council for the 400 new rooms is a game-changer for the town. It will greatly enhance the area around an already prominent building through significant investment to build nursing or student accommodation. We have designed the modern living accommodation to be for either nurses at the adjoining Northampton General Hospital or suitable for student accommodation to meet the high demand for student residential premises within the town given the growth of the University.”
Barwood Capital will shortly submit a full planning application for the new accommodation, and hope to commence construction in the next 12 months once an occupier has been agreed.
Danielle Sheppard concluded: “Our next steps are to submit a full application and continue discussions with the Hospital and University and other student accommodation providers. We invest in commercial and residential property all over the UK outside London that enhances people’s lives whether it be for businesses and their staff or homeowners, nurses or students. But there’s something extra special when development plans are approved on our doorstep and you can see the positive impact these new rooms will have on people’s lives across the Town and county.”
PRC Group provided masterplanning consultancy. Lambert Smith Hampton provided planning consultancy.