PBSA scheme in Nottingham

£72m debt facility to support the development of a PBSA scheme in Nottingham

£72 m



East Midlands


Student accommodation


Debt facility




A debt facility of £72 million in a joint venture between Olympian Homes and Housing Growth Partnership (HGP) to deliver a 790-bed Purpose Built Student Accommodation Scheme on Alfreton Road, NG7. The scheme, known as Forest Mill, will also include 19 affordable homes and has a gross development value of c. £120 million.

The development will comprise 790 beds across three buildings and feature amenities that are becoming increasingly desirable to the student population, including a cafe, co-working space, gym, yoga studio, cinema room, garden terrace and games area with table tennis, air hockey, fussball, shuffleboard and a gaming booth. The site is conveniently located on Alfreton Road, which is a 10-minute walk from the Nottingham Trent University campus, around a 10-minute bus ride from the University of Nottingham Jubilee Campus and approximately a 15-minute walk from the city centre.  

The site adjacent to the PBSA blocks will see the delivery of 19 high quality affordable homes. The three-bedroom family homes will contribute to the Council’s housing delivery targets and provide accommodation for residents on low incomes in a crucially underserved area.

The site was acquired in September 2021 and construction began in December 2023. Practical completion is expected in time for students entering the 2025/26 academic year.