Malaysia-based engineering and property group Gamuda Berhad, together with Singapore-headquartered real estate private equity firm Q Investment Partners (QIP), has announced the expansion of its student accommodation development in Woolwich, London, with the addition of Phase 2.
This latest agreement marks a significant milestone in the strategic partnership between Gamuda and QIP, building on the successful momentum of Phase 1, which recently celebrated its topping out. The expanded development reflects the partners’ continued confidence in the long-term fundamentals of the United Kingdom’s purpose-built student accommodation (PBSA) market, following their inaugural collaboration on Phase 1, Gamuda’s first U.K. student housing project and QIP’s first scheme in London.
Phase 2, with a gross development value of £41.5 million ($56.5 million), will add 120 student beds, bringing the total to 419 beds across both phases and a combined GDV of £144.5 million ($19
