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Global Student Accommodation (GSA) has announced plans to bring its micro-living student accommodation model to the UK. The concept — which has been trialled extensively in Japan and Australia — delivers state-of-the art student accommodation in compact spaces. Thanks to their innovative ‘S-shape’ layout, the bedrooms are just 360 sq ft in size (considerably smaller than the 495 sq ft average for one-bed homes in the UK).
As part of the scheme, GSA intends to make the accommodation more flexible, offering ‘semester-based living’, where students only pay for their accommodation during term-time. This, along with the compact size of the spaces, should enable significantly cheaper rents than standard student flats in the capital.
Nicholas Porter, founder and executive chairman of GSA, says: “You will definitely be seeing the concept in the UK… We are bringing it to London in conversion properties as well as new-builds and we will bring it into Ireland as well.”
The first scheme is due to open in the UK in 2020.
This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.