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12/11/2024

Cassidy Group Achieves Industry-First Safety Standard

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Cassidy Group Ltd has made history by becoming the first developer to achieve Gateway 2 approval under the Building Safety Act (BSA) for its latest student accommodation project.

The Square, a 419-studio building in Beeston, Nottinghamshire, will be delivered for the 2026/27 academic year to serve students of the University of Nottingham. Planning permission for the project was granted in May 2023.

Gateway 2 is a crucial stage in the Building Safety Act process, involving rigorous inspections to ensure that construction work adheres to approved plans. By achieving this milestone, Cassidy Group has demonstrated its commitment to safety and quality standards.

Peter Cavendish at Cassidy Group Ltd, said: "This achievement is a unique milestone for Cassidy and reaffirms our commitment to delivering safe, sustainable, and high-quality developments. As we move forward, we remain focused on setting the highest industry standards.

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"Our team has worked tirelessly to ensure we meet every requirement, and this approval from the Building Safety Regulator is a testament to their dedication and expertise."

The Beeston development adds to Cassidy's purpose-built student accommodation (PBSA) portfolio in Arkwright Street and London Road in Nottingham, creating a total of 1,084 student beds and 319 private rented sector (PRS) apartments. With a gross development value of circa £200 million, the projects are to be delivered over the next two years.

Peter Cavendish added: "The Square, along with our other PBSA schemes, provides a welcome relief to some of the 19,000-student bed shortage in Nottingham, and the 2,000-student bed shortage in the micro-location of Beeston, according to StuRents data."

Cassidy Group Ltd is actively looking for investment partners for current and future developments, including 3,000 student beds and 1,000 PRS apartments across England over the next two to three years.

With nearly four decades of experience, Cassidy Group Ltd specialises in the UK student accommodation and multi-family build to rent (BTR) and PRS sectors, delivering thousands of beds for clients such as Edmond de Rothschild, Franklin Templeton, and Student Roost/Brookfield, providing secure income-generating investments.

Those interested in working with the team can get in touch by calling +44 (0)1926 431313, emailing info@cassidygroupltd.com or visiting www.cassidygroupltd.com to find out more.

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