Friday 16 November 2018

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Coca-Cola site is the fizz-ness!

Wednesday, 7th November, 2018 4:49pm

A former Coca-Cola bottling plant in Cork city is to become a 600 bed student accommodation complex by 2021.

The premises, which lies on the Carrigrohane Straight, has been acquired by Future Generation, a UK-based company that designs, builds, manages and operates student accommodation.

The acquisition is Future Generation’s first outside of the UK and marks the start of a major European student accommodation development programme.

Work on the scheme is expected to start in spring 2019 with plans to complete the project in time for the 2021 academic year.

When completed, the cola factory scheme, which is a short walk from UCC, will feature the latest technology provided through Future Generation’s partnership with Samsung, with students enjoying air conditioning, the latest Samsung kitchen appliances, wi-fi, virtual reality headsets and access to state of the art mobile phones.

Andrew Southern, Chairman of Future Generation, said: “Ireland is one of the fastest growing destinations for international students in the EU and we are thrilled to kick-off our European development programme here in Cork.”

Mr Southern added: “Importantly, it marks the first acquisition in a series of European student housing schemes, with the acquisition of a property for a 300 bed development in Milan to be completed before the end of 2018 and with further schemes in the pipeline in Galway, Limerick, Prague and Venice.”

Future Generation, a joint venture between Southern Grove and Tadhamon Capital, has employed a unique approach to student accommodation which endeavours to change the way students live and interact with each other.

In October, Future Generation’s approach was recognised by trade magazine Property Week which shortlisted the firm for its Innovation of the Year award at the annual Student Accommodation Conference and Awards.

Its student accommodation schemes are architectural led offering a mix of bed space and public areas. This includes sky lounges, on-roof sports facilities and platforms for networking.

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