Insights > Deals
Landmark Properties moves in on Prince Bishops Place in Durham
29 April 2026 | Site Acquisition | UK | 504 beds | Re-development
Landmark Properties will acquire the site and work alongside Citrus Group and Galliard Homes to deliver the development once it has planning and regulatory approvals.
Key details
Asset type | Re-development |
Location | Durham |
Capacity | 504 beds |
Seller | |
Buyer | Landmark Properties |
Value | N/A |
Project visualisation
Source: Citrus Group
Planning permission was initially granted for Prince Bishops Place in 2024 and a new planning application was submitted earlier this year, evolving the scheme with an uplift in student beds and design improvements.
The mixed-use scheme will bring forward 504 student beds alongside new retail and and hospitality uses, communal spaces and enhanced views of the River Wear while preserving the popular existing multi-storey car park.
Strategic context
The exchange of contracts reinforces Landmark Properties’ plans to implement four to six PBSA and residential schemes per year.
Landmark entered the UK market in 2024, completing its first land acquisition in 2025 – a prime site on William Road in central London – and has recently secured planning approval on a significant redevelopment at 120 Suffolk Street which will deliver 504 student bedrooms.
The company has more than 74,000 student beds under active management across the world.
Landmark Properties were advised by Newmark. Sellers were advised by Savills and Harris Associates.