Yisheng sells 703 student housing units to Round Hill Capital
Project developer Yisheng has reached an agreement with Round Hill Capital on the sale of 703 independent student housing units at Leiden Bio Science Park (LBSP). The two parties concluded an agreement on the sale on 2 April. The accommodations, which were designed by Paul de Ruiter Architects and VenhoevenCS, are expected to be ready for occupancy at the start of the 2023-2024 academic year.
The complex consists of two buildings (still to be constructed) with a total floorspace of approximately 23,000 sq. m. In addition to the independent housing units, there will be several common areas and shared facilities in the new builds such as study rooms, dining rooms, laundry rooms and rooftop gardens.
The project was developed in collaboration with Lingotto and Red+. Yisheng was advised by Realnomics and CBRE during the sale. Student housing provider Student Experience will be responsible for operations and management. The building design is by Paul de Ruiter Architects and VenhoevenCS, and LANDLAB will provide the landscape design. Construction is slated to start in mid-2021, and will be carried out by Heddes Bouw & Ontwikkeling. The development is currently scheduled to be ready for occupancy in the 2023-2024 academic year.
In 2019, Yisheng’s project MORE won the tender issued by Leiden University for the development of the entrance area of the LBSP, near the University Sports Centre. In addition to student housing, the overall plan includes rental housing, retail, hospitality and other community facilities.
The construction of these student accommodations is a milestone in the development of the MORE project, and for the Leiden Bio Science Park campus as a whole. With the realisation of student housing in this phase, and a wide variety of other housing types in later phases, the entrance area will continue to develop into a vibrant and diverse residential environment that is always in motion.
Design: VenhoevenCS, Paul de Ruiter Architects & LANDLAB | Image: A2 Studio