Summary:
- Ward Group Investments has acquired Elvet Residences, a 178-room student accommodation complex in Durham, combining a Grade II-listed 18th-century coaching inn with modern facilities, supported by a £30 million investment to enhance asset value and operational control.
- The upgrade includes advanced fire safety measures, energy efficiency improvements such as air source heat pumps and smart energy management, raising most rooms to an EPC rating of A, alongside a full-time on-site management team providing 24/7 support.
- Elvet Residences has achieved Code of Practice membership with Durham University and is progressing toward ANUK accreditation, reflecting WGI’s commitment to compliance, sustainability, and delivering high-quality, safe student housing aligned with sector standards.
Original article:
