A landmark Lincoln office building, Crosstrend House on Newport, has been sold to a city-based property development company and is to be converted into student accommodation.
The sale of the property , which used to house the Crown Prosecution Service , was completed by Hodgson Elkington LLP, chartered surveyors, on behalf of county-based Howtin Investments Limited to Bail and Wharf (Developments) Limited.
The building has been converted into student accommodation and will be leased to Bishop Grosseteste University College Lincoln, which is located nearby.
“Crosstrend House will be an excellent addition to our estate, increasing the number of rooms we can offer our students from around 200 to around 270,” said Stephen Deville, director of resources at BG.
“We promise to find accommodation for all our first-year students and it is becoming increasingly difficult to find suitable student rooms in uphill Lincoln. This lease arrangement will give us more capacity and should prove popular with our students.”
Almost all the accommodation is en suite and the first students are expected to move in on 10th September.
“This is a sale of a substantial landmark building in uphill Lincoln and will involve substantial investment by the purchasers in conversion works,” said Dan Race, partner at Hodgson Elkington.
“There is a lot of dedicated student accommodation around the University area but very little available for Bishop Grosseteste students and we believe there will be strong demand for this and that it will prove to be a very good use of the building,” said Dan Race.
