Betra Buys OCS Groups Office Siteto Develop Student Residence

Numerous reports have indicated that the property prices in the entire UK are on the rise, especially student properties. The reason behind this sharp increase in the demand for student properties is that the UK government itself is encouraging foreign students to arrive in the country and receive higher education. As a result, existing student properties are swiftly getting occupied and it is getting difficult for new foreign students to find an accommodation. This gave investors an opportunity to develop new student propertiesin the UK and consistently earn more money as compared to investment in stocks, bonds or other assets. Therefore, when Betra learned that OCS Group is looking to sell its former office and industrial site in Leeds, it did not waste much time to finalise the deal with the company and bought it to build student residence.  

Revealing the news, OCS Group shared that it has sold its 1.45 acre site to Betra for student development. The former site of OCS Group has two different sites, as the area in the north is called Servia House that is a three-storey office and industrial dwelling. Whereas, the second plot located in the south comprises of a two-storey office and it is called Claro House. Betra has already acquired the planning approval of student property development for two blocks, which will comprise of 298 beds.

The popular property consultancy firm Lambert Smith Hampton’s (LSH) branch in Leeds represented OCS Group in this deal. After the disposal of the 1.45 acre site the headand director of Industrial and Logistics of LSH Leeds, Robert Whatmuff said that they are happy that OCS Group has acquired their services for the project. He said that his firm has closely worked with OCS Group, Betra and Leeds City Council in order to make the most of the opportunity and redevelop the site. 

According to Whatmuff, since OCS Group’s site was located in one of the most popularacademia citiesof the UK, so its disposal has cleared the way to develop student residence that will not only give pupils an ideal space for accommodation, but it has also given their client a better value for their asset.

OCS Groups’ Phil Haworth, on the other hand said that it has always remain very important for them as business that they could boost the potential of their portfolio assets and they have successfully managed to do that in this case. 

Just like OCS Group, Oasis Properties, a Headingley based real estate firm, also makes sure that it clients whether students or professionals should get the best accommodation on rent. It is because of this reason, Oasis Properties is considered as an expert when it comes to providing spaces on rent.