Glasgow-based developer Ambassador Group has partnered with Singapore-based property investors Far East Orchard and Woh Hup to deliver a new student accommodation scheme in the city.

The development will be funded by the investors and is slated for completion by 2026.

The announcement marks a milestone in the group’s Nova Living concept which obtained planning permission for its first purpose-built student accommodation scheme in November 2023.

The vacant site on the corner of Osborne Street and Old Wynd in the Merchant City will be turned into a building with 273 student beds and amenities including a lounge, gym and south facing terrace.

Ahsan Afzal, head of development for Ambassador’s Nova Living, said: “We are delighted to have Far East Orchard and Woh Hup, both industry leaders within the sector, to invest in this development.

”Our development will provide much needed student beds in an acutely undersupplied market, with a shortage of 22,000 beds.”

The proposed site on Carrick Street in Broomielaw(Image: Valeo)

Separately, student accommodation developer and operator Valeo Management Europe has outlined plans for a mixed-use development that will deliver approximately 500 new student rooms, as well as ground floor commercial units, on Carrick Street in Broomielaw.

If consented and built, the site will be operated by Veleo’s operating arm, LIV Student.

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