AN OWNER of private student halls of residence in Newport has gone into administration.
The affairs of Opal Property Group Limited are now being managed by joint administrators, according to the site's website.
It is currently unclear what impact the administration process will have on the student halls in Newport, known as Opal 1.
Opal 1 is located near the George Street Bridge near the River Usk, and is a short distance from the University of Wales, Newport, City Centre campus.
The website says: "Leslie Ross, Daniel Smith and David Riley were appointed Joint Administrators of Opal Property Group Limited on 14 March 2013."
The Joint Administrators are managing the affairs, business and property of the company."
The company's website says the Newport Opal 1 offers students accommodation with free internet, contents insurance, CCTC, 24 hour security and Wi-Fi in common rooms.
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