Summary:
- Landmark Properties has exchanged contracts to acquire and develop Prince Bishops Place in Durham in partnership with Citrus Group and Galliard Homes, proposing 504 purpose-built student beds alongside retail, leisure, and enhanced pedestrian links, pending planning and regulatory approvals.
- This marks Landmark’s third UK development, reinforcing its strategy to expand in the UK student housing market with plans to deliver four to six PBSA and residential schemes annually, building on recent acquisitions and planning approvals in London and Birmingham.
- The mixed-use scheme aims to create a financially sustainable, multi-functional city centre destination that integrates high-quality student accommodation with retail and hospitality, supporting Durham’s regeneration while respecting its UNESCO World Heritage status.
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