Property developer and student accommodation specialist Downing says it is set for its busiest year to date in 2025 as it has a pipeline of 10 projects worth £1.6bn.
Downing says that in the first quarter of 2024, it has acquired sites in Bristol, Glasgow, Newcastle, Brighton and London that all expect to start on site in 2025. Other projects include developments in Leeds, Manchester and Wandsworth.
The company recently moved its Liverpool head office into the newly-refurbished No.1 Old Hall Street - and is now planning a recruitment drive to grow its 200-strong team across its investment, construction and development teams.
Downing estimates it has delivered more than £2bn in property, including 14,500 purpose-built student accommodation (PBSA) beds, across the Ƶ in its 35-year history.
Bay Downing, investment director at Downing, said: “This year and next are set to be record-breaking ones for the Downing team. Since January, we have already completed five deals, worth over £60 million at locations spanning the country.
“We expect ten exciting projects to go on site in 2025, more than we have ever had in one year before, in our whole 35-year history. We are continuing to actively look for new investment opportunities throughout the market.
“Building on our experience and track record of delivering high quality, sustainable accommodation in leading Ƶ cities. it is an extremely exciting time to join Downing, Successful candidates will play a pivotal role in shaping the future of the business as we continue to deliver our ambitious pipeline in a fast-moving market.”
