University Accommodation

Brand New Accommodation

University students in Lancashire have moved into 50 brand new apartments – complete with a launderette and 24-hour concierge service – thanks to funding support from Lloyds Bank.

Developers at Limeoak Properties have transformed an unused floor of a building in Preston’s Fylde Road Industrial Estate, into stylish accommodation for students from the University of Central Lancashire.

Named ‘The Village’, the 50 apartments come in a range of studio, one, two and three bedrooms. Facilities include unlimited Wi-Fi and parking for residents, with a total of 70 students taking up residence.

Temporary Job Creation

The development brought around 50 temporary jobs to the area during construction and now there are up to five permanent employees on-site, covering cleaning, operational and administration roles.

Faruk Essap, co-owner of Limeoak Properties, said: “Lloyds Bank were very accommodating. Jim Jones introduced us to all the right people. He had the foresight and vision of what we wanted to do and he helped us to deliver it.”

He added: “So far the development has been a huge success, and the students have commented on how spacious the apartments are.”

Building for the Long Term

The company have been banking with Lloyds Bank for over five years and has multiple properties around the Preston area. Work is due to begin on a second village this year comprising of 15 apartments, which are expected to be completed and ready for students by 2018.

Faruk Essap said: “We’ve been developing properties for more than 15 years, but it’s been extremely beneficial to work with the property team at Lloyds Bank, as they completely understand the sector and the challenges that we’re facing.”

Continuing the Journey

As part of our Helping Britain Prosper Plan, we’ve helped a growing business continue on its path. We helped this property investor move across into development by working closely with their team to help build a very viable financial asset and also give them a platform for further growth.

Continuing the Journey

Helping People Prosper

People across Britain are facing significant challenges. We’re helping to address them through our Helping Britain Prosper Plan. We believe no other bank is better placed to do this. We already serve approximately 25 million customers and 1 million small businesses but we want to be more than a bank. We want to go beyond business as usual and help address systemic social and economic challenges such as Britain’s housing shortage, the skills gap in key industries, social mobility and social disadvantage.

In 2016 we achieved 6 of our 9 people targets:

- Providing 1 in 4 of all new build mortgages.

- Receiving more than 280,000 customer visits to our Retirement Planning website.

- Meeting engagement targets for our Black, Asian and Minority Ethnic and Lesbian, Gay and Bisexual colleagues, helping to build a diverse and inclusive business.

- Continuing to make progress against our target that 40%