Greystar and PSP Investments start work on Chapter London Bridge student housing

Greystar Real Estate Partners and Canada’s Public Sector Pension Investment Board (PSP Investments) have begun on a new purpose-built student accommodation asset near London Bridge Station.

The asset will operate under the premium Chapter London brand, which currently comprises 11 assets across London including Spitalfields, Old Street, Highbury and South Bank. With groundworks under way, the main construction work is due to start in March 2022, with the opening scheduled for the 2025 academic year.

The 39-story, 453-foot tower will comprise 905 student beds and 15,000 square feet of world-class amenity space.

“Despite the disruption caused by the pandemic, London remains an attractive destination for students thanks to the capital's impressive higher education institutions, but there is still an acute shortage of high-quality accommodation,” said Will Krespi, director – U.K. development, Greystar. “At the same time, student accommodation is a highly