A property investment firm has submitted plans to redevelop a prominent Bristol office building into student accommodation - within two years of shelling out for a multi-million pound refurbishment of its asset.
Melburg is looking to repurpose the former South Plaza office block by the St James Barton roundabout, now known as 360 Bristol, into a £100m student scheme providing 370 beds.
The venture capital firm acquired the eight-story building in the city centre along with fellow real estate business Angelo Gordon in 2019. The following year it secured planning approval - reportedly five weeks after submitting its application to Bristol City Council - for a substantial refit, including modern Grade A workspace, a café and a gym.
