WORD ON THE STREET
Property developer Student Castle has been granted permission to build a 33-storey block of flats in Manchester.
The firm, backed by Carphone Warehouse founder Charles Dunstone, will create 520 student bedsits in Great Marlborough Street in a tower which will feature communal accommodation. It is scheduled for completion in 2012.
Student Castle chief Edward Cade said: "We are delighted to have been awarded planning permission for this landmark scheme in Manchester. As a new, expert developer within the sector we are pleased to have this opportunity to make a positive contribution to the regional economy and higher education sector in one of the UK's most vibrant cities."
Mr Dunstone and Carphone Warehouse CEO Roger Taylor provide funds for Student Castle, which is run by Mr Cade and Jacqui Hawthorn.
Mr Cade said: "At Student Castle we are committed to changing the perception of traditional private student accommodation by meeting 21st century student aspiration, with a focus on delivering high quality, affordable homes for students."
The firm is currently working on a similar bedsit project in Newcastle which is due to open next year and has been designed by Hodder + Partners.
Copyright Press Association 2010