This means, under the Building Safety Act, construction can begin on the development at Plymouth Grove.
The development is targeted for completion in 2028.
Plymouth Grove is being funded through the Far East UK Student Accommodation Development Fund, the real estate investment firm’s dedicated PBSA strategy.
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“Securing Gateway 2 approval for Plymouth Grove reflects the strength of our development and technical capabilities amid the UK’s more rigorous building safety regime,” said Alan Tang, group CEO at Far East Orchard.
“As a development undertaken through FESAD, this milestone supports the execution of the fund’s value creation strategy while reinforcing our ability to originate, develop, and manage high-quality PBSA assets in attractive university cities across the UK."
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