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Note: All Money sits with Lawyer until completion.

The Developer:

As one of the largest and most innovative niche operators in the prime central London market, BMB are proud to introduce Urban Study – the latest in luxurious, desirable student living. Since the Group’s inception in 1992, BMB has established a reputation for creating unique and highly desirable residences. As long-time innovators in the property market, BMB’s expertise now extends into the student housing sector through Urban Study Originally established to purchase and develop undervalued property in the recession of the early 1990s, BMB’s highly experienced management team has, through the subsequent years, demonstrated an enviable capacity to maximise returns for both the company and its investors, irrespective of the varying market conditions prevailing over the last two decades. Urban Study encompasses every ounce of BMB’s commitment to superb locations, high quality construction and sophisticated design, underpinned by a development history worth in excess of £700m including landmark developments in Kensington, Chelsea, Belgravia, Mayfair, Notting Hill and Knightsbridge.

Sheffield:

Sheffield is a member of The Core Cities Group – a partnership between eight of the UK’s most economically important cities outside of London. Bolstered by the creative and digital industries, alongside advanced engineering and manufacturing, a Barclays Bank Financial Planning study revealed that the Sheffield district of Hallam was the highest ranking area outside London for overall wealth, with the proportion of people earning over £60,000 a year standing at almost 12%.  From High Street department stores to designer boutiques, the city’s main shopping precincts have undergone significant redevelopments.  Most impressively, a £600m new retail development named Seven stone is to begin in 2015. 860,000 sq ft of retail space will be created. A member of the illustrious Russell Group, the university is a major centre for innovation and has won numerous awards for its collaborative research with the likes of Boeing, Rolls Royce, Siemens, Unilever and GSK. It was named ‘University of the Year’ 2011 in the Times Higher Education awards and ranked within the top 100 universities worldwide by Shanghai Jiao Tong.

Distance:

Sheffield is within an hour’s drive of three of the UK’s biggest airports with direct flights to over 200 destinations. The M1 motorway connects Sheffield to London, as does an extensive rail network which includes a direct connection to continental Europe via the Euro star service, with trains running to London St. Pancras in under two hours. Many neighbouring cities such Manchester, Leeds and York are also accessible by both bus and train.

The Management:

Omnia Estates and Offices have been managing property in the student sectors, commercial office, industrial, retail and residential market since 2004, delivering great results for tenants and landlords alike. Over the past decade, the Omnia brand has become synonymous with flexibility and a high quality service. Omnia Space, our student property brand, has grown in under seven years to become one of the most trusted brands in Yorkshire and Humberside, and we’re now the largest independently managed student management company in the region. Omnia Space now encompasses over 600 student beds across 10 apartment blocks in the Sheffield city centre area. We have achieved 100% occupancy for our student landlords for the last four years as well as the forthcoming academic year.

The Omnia team are experts in maximising occupancy levels and rents, and Omnia Estates’ property managers are adept at keeping tight controls on running costs and service charge budgets equating to an expertly managed property for both leaseholders and tenants alike.