CUBEX and Alara Investments secure central Bristol site for proposed PBSA scheme with a GDV of £100 Million

Cubex and JV partner, Alara Investments, are delighted to announce their first unconditional acquisition as a partnership of a brownfield site located in the Temple Quarter Enterprise zone in central Bristol. The site is located less than a 3-minite walk from the University of Bristol’s new Temple Quarter Enterprise Campus which is due to open to 4,500 new students in 2026. The scheme will have a GDV in excess of £100 million.

The business plan is to develop a 550-bedroom purpose-built student accommodation (PBSA) scheme, with market leading levels of private amenity as well as huge amounts of public space. More than 65% of the site will be located in the public realm. Cubex are in consultation with Bristol City Council as well as other stakeholders and will be submitting planning within the coming months.

This scheme will be Cubex’s first venture into student accommodation and forms part of their strategy into the wider Living sector, which covers BTR, PBSA and Co-Living in key UK cities.

The scheme will focus on delivering market leading sustainability credentials. As well as targeting BREEAM Outstanding, EPC A and a Wired Score Platinum, the scheme is also being designed using low carbon materials and will be heated via the UK’s largest water source heat pump.

Joe Downey, Managing Director of Cubex commented “PBSA has been on our radar for some time, specifically in Bristol where demand from students continues to soar vs a backdrop of limited high-quality supply. We are big believers in the micro-location, and proximity to the new UoB campus which really is a game changer for this part of Bristol. As always, we are working very closely with Bristol City Council to deliver the overall best scheme for the city”.

Jonathan McLaren of Alara comments “This marks an exciting transition for Alara into the PBSA space. We have found a great partner in Cubex who have been excellent to work with. The scheme will deliver a best in class, sustainable development for the benefit of Bristol students. We are continuing to explore other opportunities as Property becomes a core focus for our business”.