Foundry Courtyard, Glasgow

This outstanding 536-bedroom development provides an excellent student experience with accommodation that is both stylish and modern. It is ideally located for the students of the nearby University of Strathclyde, City of Glasgow College and Glasgow Caledonian University.

536

Beds

£40 million

Total debt and equity funding

85%

Supply chain spend with SMEs

79%

Workforce recruited locally

This 536-bed student accommodation development by Balfour Beatty is on a direct let basis. We acquired the site, obtained planning consent, arranged finance and acted as design and build contractor.

Designed to provide an excellent student experience

Providing 536 en-suite bedrooms, spread across 70 cluster flats and 149 studios, the development also features a gymnasium, cinema room, study pods and a generous social space with a games area. Externally, a secure central courtyard featuring both functional and attractive landscaping sits beside a multi-use games area, an external gym and 500m2 of retail space.

Wide ranging construction capability

To make sure works progressed during the wettest winter on record Balfour Beatty used tents, gazebos, and temporary metal sheeting to allow work to progress safely.

New technologies to ensure the safety of our workforce were also adopted including:

  • SiteZone Proximity Warning System – to reduce the risk of vehicle – pedestrian collisions, the system uses radio frequency technology to alert the machine operators of pedestrians near their vehicles
  • Crane Hook Camera System – a wireless camera system on the crane hook was installed to improve visibility for crane operators

The delivery of the project drew on the wide-ranging capabilities of Balfour Beatty. This included: Balfour Beatty Ground Engineering and mechanical and electrical packages delivered by Balfour Beatty Kilpatrick

Finance

Development costs were equity funded by Balfour Beatty and debt funding arranged with Investec.

Operations

As an operator, we are responsible for marketing and providing a full range of hard and soft facilities management services.

student accommodation investments - Foundry Courtyard Glasgow