Lend Lease has secured a £240m contract from Manor Property Group to design and construct 3,500 units of student accommodation at five locations across the UK.
The first of the five sites form part of a £1.5bn programme to deliver 40,000 units of student accommodation at 70 locations throughout England and Scotland by 2020.
As per the deal, Lend Lease’s project management and construction business unit will carry out the works on the first five locations, which are expected to start in 2013 and completed in 2015.
The 3,500 units will be located across the university cities of Birmingham, Leeds, Manchester, Sheffield and Hull.
Upon completion of the first five sites, both firms then plan to deliver additional sites comprising 36,500 units across the UK.
Manor Property said that the scheme will deliver the units under the Qdos Student Homes brand and manage them like hotels instead of traditional student accommodation.
Each development will feature high-quality ensuite study bedrooms, 24-hour security, wi-fi and range of onsite added amenities that include, gyms, coffee shops and drop-off laundry services.
Manor Property chairman William Addy said Qdos Student Homes will operate the developments.
"By combining first class accommodation and on-site services with a social network, which will fulfil demand for a new standard in the student sector, Qdos will establish new levels of customer service for both undergraduates and graduates," Addy said.
Both firms are currently drawing up plans for a further 10 to 15 sites in central London and also plan to expand in more towns and cities throughout the UK including Oxford, Cambridge, Edinburgh, Durham and Nottingham.