Progress is well underway on a new building which is set to bring an additional 320 students to the Cathedral Quarter. Bondholder Prosperity Capital received planning permission in November 2017 for a 9-storey building on Cathedral Road, adjacent to Bondholder Derby College's Joseph Wright campus.
Work began preparing the site earlier this year and an indication of what is to come appeared in recent weeks with the assembly of a large tower crane on site. With assembly completed, work on erecting the steel framework will begin imminently ahead of an August 2019 opening. Bondholder Derwent Living are understood to be operating the site once opened.
John Forkin, Managing Director of Marketing Derby, said: "We are delighted to see the progress being made on bringing this building into Derby city centre. Prosperity Capital's first project in the area, Cathedral Court opened in 2017, bringing 350 students into the city centre which has made a big impact on the local economy.
"We are therefore thrilled to see another 320 students set to join them in this second project, which will further support Bondholder Cathedral Quarter's businesses and establish the emerging University Quarter, alongside developments such as the Bondholder University of Derby's Law School, Agard Court and Cathedral Court."