Sama’s Shariah Student Scheme

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Coventry city council has approved a 130-bed student accommodation scheme at the edge of city centre. The Sama Investment Group, which complies with Shariah law is putting up the money.

The development, known as Charter House, will see an industrial site on Charterhouse Road transformed. The project will see two separate buildings developed – one at four storeys and the other at six.

As well as the bedrooms, Charter House will feature a range of amenities including study areas, lounges and a gym. Outdoor courtyard space and garden areas overlooking Sherbourne River are also included in the proposals, with the aim of maximising the student experience and wellbeing, within a natural environment.

Sustainability

Charter House has been designed with sustainability at its heart, incorporating renewable energy technologies throughout the scheme. As a result, the project is targeting an ‘Excellent’ rating by BREEAM.

The site had been identified as a strategic location to benefit from student-led regeneration and investment. Located just a five-minute walk away from Coventry University campus, the plans will contribute meaningfully to the growing demand for high-quality student accommodation in the city.

City benefit

Bilal Ahmed, the executive chairman and founder at Sama Investments, says: “Charter House is a brownfield site close to Coventry University. This is a fantastic opportunity to deliver a high-quality student accommodation scheme which will add real value to the city, supporting our growing educational institutions and meeting the increasing demand for student beds.

“Importantly, it will also help unlock existing family housing elsewhere in the city rather than force students to rely on HMOs and the private rented sector.

“Part of a wider transition within the area, these proposals are highly sustainable and seek to make best use of the site for the benefit of the whole community – driving local growth and creating jobs. We look forward to engaging with interested groups who can take this exciting opportunity forward at the site.”

Picture: Plans for a new student accommodation scheme in Coventry have been approved.

www.samainvestments.co.uk

Article written by Cathryn Ellis
21st November 2024

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