University of Ulster student accommodation given the green light
Plans for the 307 bedroom development on York Street, adjacent to the new Ulster University campus, were approved by Belfast City Council on Tuesday night. It is the last purpose built student accommodation complex currently planned for the city to be given the go ahead. It encompasses 307 student apartments alongside three retail outlets and a gym, and is designed by architects Robinson McIlwaine.
Those behind the project said it “represents a stylish landmark development”. Worth around £30m, and the project will likely create around 250 construction jobs during a two-year build period.
Although originally planned as a 14-storey development the project has since been reduced in scale. With the new injection of demand in this area of the city for accommodation, it is likely that landlords and home owners in the area will see both increased rental yields and property values.