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Student A<strong>cc</strong>ommodation that gives<br />

Investors a Win-Win Solution<br />

The removal of the cap on student numbers in UK universities has seen a 3% rise in university enrolment across the country. This<br />

has meant a shortage of a<strong>cc</strong>ommodation with some students having to share bunk bed rooms in halls. Whilst others have been<br />

given reduced rate hotels with two weeks to find alternative a<strong>cc</strong>ommodation.<br />

In 2015 around £2.5bn was spent on<br />

additional student a<strong>cc</strong>ommodation with<br />

around a 14% yield on investment. These<br />

figures are expected to rise.<br />

To answer this gap in the market Premier<br />

Modular developed an innovative modular<br />

building system. This highly efficient light gauge<br />

steel frame based, factory engineered product is<br />

constructed by skilled assembly teams in the<br />

company’s 22 acre site in Yorkshire. The system<br />

is ideal for a full stand alone build and also<br />

perfectly designed for rooftop extensions in tight<br />

inner city locations.<br />

These engineered and factory assembled<br />

products offer significant advantages in many<br />

areas.<br />

Foremost are the time benefits, as<br />

manufacturing is done on a flow line there is no<br />

risk of late delivery from outside forces such as<br />

the weather. Business Development Director,<br />

Rachel Davis, commented ‘Rooms can be<br />

manufactured at a rate of 25 per week and<br />

complete houses at a rate of 20 per week, with<br />

minimal onsite time’<br />

This speed of construction not only reduces<br />

labour rates and prelims but gives a much<br />

faster return on investment whether clients are<br />

selling or gaining a monthly rental income<br />

This doesn’t mean compromise in other areas<br />

though, modules are constructed to exacting<br />

quality levels in the controlled factory<br />

environment and with as much as 75% of the<br />

buildings manufactured offsite, the risk of<br />

a<strong>cc</strong>idents on site is greatly reduced.<br />

Premier Modular Ltd working as a supply chain<br />

partner to Sir Robert McAlpine completed a 5<br />

storey 206 bedroom student a<strong>cc</strong>ommodation<br />

block in <strong>Sept</strong> 2015. Located in Newcastle Upon<br />

Tyne city centre it consisted of a mixture of 54<br />

studio flats, 105 en-suite bedrooms and 2<br />

a<strong>cc</strong>essible en-suite rooms with associated living<br />

spaces, kitchens and study areas.<br />

Premier was chosen as the preferred supplier<br />

due to speed of programme and the high quality<br />

finish that could be provided. The project was<br />

driven by an immovable programme<br />

requirement of the <strong>Sept</strong>ember student intake,<br />

Premier efficiently manufactured 300 modules<br />

fully fitted out and decorated in the factory - an<br />

excellent demonstration of the enormous time<br />

benefits realised by using the off-site system.<br />

Significantly the foundations and demolition<br />

commenced on site whilst the modules were<br />

being manufactured – ensuring no time was<br />

wasted in the process.<br />

Rachel Davis said ‘Completing this project using<br />

off site construction not only gave the investors<br />

a whole year of additional return, it was also a<br />

deciding factor in ‘The Foundry’ in Newcastle<br />

winning ‘Project of the Year Up to £10m’ at the<br />

Construction News Awards. The client is at the<br />

centre of everything we do and we take great<br />

pride in pushing the limits of modular design<br />

whilst balancing other key project drivers. We<br />

always strive for innovation and excellence,<br />

coupled with a customer-focussed service<br />

ethos, and are proud and excited to have been<br />

shortlisted for an Offsite Award on another<br />

recently completed project. These awards are<br />

confirmation for ourselves that we continue to<br />

be forward thinking and creative’.<br />

In a market where an increased rate of build is<br />

required, building standards are increasing,<br />

sustainability is of upmost importance and high<br />

quality lifestyle choices are an expectation –<br />

Premier Modular’s offsite construction has the<br />

answer.<br />

0800 3160888<br />

sales@premiermodular.co.uk<br />

www.premiermodular.co.uk<br />

24 <strong>MMC</strong><br />

Sep/Oct 2016 MI

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