Tue Mar 14, 2017 11:09 am
All projects of this magnitude have plans beyond A. I don’t think filling these blocks will at all be an issue for developers as this is a nationwide thing that has been mandated centrally. It’s almost like a guarantee give to these developers behind the scenes saying, “Build and thou shall be ok.”
Most universities in the UK are in expansion mode and seek to attract ever more international students preferably form elite backgrounds. This will in turn provide an economic boost to the nation.
Immigration is needed for the UK come Brexit or not. The quality of people coming in to the UK is now being addressed and this is manifesting itself through the education sector through independent schools/colleges and of course universities. These graduates will probably stay on in the UK in highly paid employment which should drive the economy forward.
Plan B if ever envisaged would be a temporary change of use to perhaps short term serviced apartments until the market catches up which in even a worst case scenario is likely to do so.
Student developments are in full swing nationwide, it’s just that alongside other concepts i.e. Enterprise zones, housing developments (excluding flats), expansion of airports, City deals, Cardiff has been a bit behind the curve in the uptake.
It’s really exciting to see Cardiff with all this momentum. It has a great future and will lift the whole of south wales for the better.