Maven Capital Partners, working alongside Calmont Group, has purchased Mitchell House in Glasgow for a £5.5 million project to redevelop it into accommodation for up to 70 students.
The office building will be refurbished to provide studio accommodation over six floors, with a common space area on the ground floor.
Works are scheduled to be finished before the start of the 2015/2016 academic year.
Ramsay Duff of Maven Capital Partners said: "We are very pleased to be working alongside Calmont Group on this exciting project.
"There is still a shortfall of good quality purpose built student accommodation in the city and this development will help to satisfy that demand."
(LM/CD)
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