Opal Property Group

{{Infobox company

| name =

| logo =

| caption =

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| traded_as =

| fate =

| predecessor =

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| foundation = {{Start date|df=yes|1998}}

| founder = Stuart Wall

| defunct =

| location_city = Manchester

| location_country = United Kingdom

| location =

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| area_served = United Kingdom

| key_people = Stuart Wall (founder and owner); Joe Dwek,Manchester Evening News, http://www.manchestereveningnews.co.uk/business/business-news/joe-dwek-to-step-down-from-worthington-893551 Don Hanson, John K Berry (non-executive directors)

| industry = Property

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| revenue = £143m (Sep 2012)

| operating_income =

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| assets = £1.069bn (Sep 2012)

| equity =

| owner = Stuart Wall

| num_employees = 550

| divisions =

| subsid = Ocon Construction

| homepage = {{URL|http://www.opalgroup.com/}}

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}}

Image:Opal3 Leeds.jpg

Opal Property Group Limited, often referred to as Opal, was a company based in the United Kingdom which operates a number of large property developments in UK cities, targeted at students and private renters. Founded in 1998 by Stuart Wall, Opal was the largest provider of private student accommodation in the UK, providing accommodation for 20,000 students.{{Cite news|url=https://www.theguardian.com/education/2008/aug/17/studenthousing.studentfinance|title=Student special: Accommodation|last=Qureshi|first=Huma|date=2008-08-16|work=The Observer|access-date=2019-06-21|language=en-GB|issn=0029-7712}} The company went into administration in 2013 and its properties were transferred to other organisations.{{Cite web|url=https://studentone.com/|title=Student One - Premium Brisbane Student Accommodation|website=studentone.com|access-date=2019-06-21}}

History

The company was founded in 1998.

=2013=

In March 2013, the company reported that one of its subsidiaries, Ocon Construction, was to be put into administration.{{Cite web|url=https://www.placenorthwest.co.uk/news/ocon-administration-due-to-operational-issues/|title=Ocon administration due to 'operational issues'|date=2013-03-08|website=Place North West|language=en-US|access-date=2019-06-21}} The parent company Opal may be broken up if loan extensions with the banks cannot be agreed.

13 further Opal property subsidiaries in Liverpool, Manchester, Bradford, Dundee, Huddersfield, Leeds, Leicester, London and Wolverhampton went into administration in March.{{Cite web|url=https://www.placenorthwest.co.uk/news/wave-of-opal-sites-falls-into-administration/|title=Wave of Opal sites falls into administration|date=2013-03-13|website=Place North West|language=en-US|access-date=2019-06-21}}

As of April 2013, much of the various sub companies in the group were in the hands of administrators with various property management companies brought in to oversee the developments whilst buyers were sought.

Properties

Opal's properties include:

Birmingham - Opal 1 in Highgate
Leeds
Opal 1
Opal 2
Opal Tower (Opal 3)
Leicester - halls of residence including Opal Court, which was nominated for the 2007 Carbuncle Cup
London
Opal 1 in Hoxton (University of the Arts London)
Opal 2 in Greenwich
Opal 3 in Holloway
Opal 4 in Tufnell Park
Manchester - ‘Wilmslow Park’ which was the UKs largest private student residence and other accommodation blocks around Whitworth Street
Nottingham -
Sutton Bonington Halls (Now ran by Campus Living Villages)
Opal 2 (Now called Nottingham Two) halls of residence with common room and gymnasium{{Cite web|url=http://www.opalstudents.com/student-accommodation/nottingham/opal-1-oonot/features/|archive-url=https://web.archive.org/web/20090131200002/http://opalstudents.com/student-accommodation/nottingham/opal-1-oonot/features/|url-status=usurped|archive-date=31 January 2009|title=Opal Students|website=www.opalstudents.com|access-date=2019-06-21}}
Newport - Opal 1
Sheffield
Opal 1 near the Devonshire Quarter
Opal 2 in Netherthorpe (now called "Allen Court" and run by Greystar Real Estate Partners)
Opal 3, also in Netherthorpe

References

Category:Property companies of the United Kingdom