Bristol

Continued investment delivering outstanding returns

In Summer 2017, we embarked on the first of a two-part refurbishment of our iQ Bristol property located in the heart of this bustling city, where 40,000 full-time students have chosen to study. The property is situated within half a mile of the University of Bristol, a member of the Russell Group.

The refurbishment, the majority of which was completed in 2017, will see the modernisation of all student rooms, as well as a full upgrade of the property’s amenity spaces – including a gym and study spaces, and the creation of spaces like a new mezzanine level. It sets a new benchmark for the sector and further enhances the premium accommodation experience we bring to this key market. Our investment in Bristol is driven by our commitment to giving students the best home-from-home experience.

What we did

Our challenge in Bristol was to transform our property in line with its unrivalled location, bringing a market leading offer to the city. The project commenced in summer 2017 with the refurbishment of 177 ensuite and studio beds, bringing in modern colour schemes, new lighting and flooring, and new comfy beds. The reception was relocated, giving students a brighter, more open and modern entrance to the building, which is better suited to busy check-in days and our series of social events.

Brand new communal facilities were also created, including a fully-equipped gym, study spaces and new digitally enabled laundry rooms. One of the key student highlights from the refurbishment was the construction of a music room to complement the music courses taken by a number of our residents, and their desire to practice together. In addition, six new rooms were added, increasing the rental income generated by the site. Following this highly successful first phase, the refurbishment will complete in Summer 2018.

Results

Refurbished to an extremely high standard, Bristol is now a stand-out choice for students. The refurbishment of the site, made possible by exceptional project and site teams, has further enhanced the premium quality of the iQ portfolio.

• Fully occupied
• 6 additional rooms increasing revenue, resulting in 367 beds