iQ Nottingham (Exchange), is a student residence converted from a former telephone exchange on Lower Parliament Street in Nottingham city centre. It was developed and constructed in 2003 to consist of 150 beds with the added new addition completed in 2006 of 127 bed giving it a total of 277 beds.
iQ stands for intelligent Quarters. iQ is a specialist fund that develops and operates student accommodation in the UK. The fund, a 50/50 joint venture between Quintain Estates and Development plc and Wellcome Trust, has over £250m of operational and committed assets and a target size of £600m.