Transactions - APRIL 26, 2022

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Harrison Street and CA Ventures to develop new student housing project in “underserved” London

by Marek Handzel

Harrison Street and CA Ventures are to develop a 393-bed purpose-built student accommodation (PBSA) community in London, which they believe to be lacking in high-quality student housing. The project is the sixth undertaken by the joint venture partnership between the two companies.

Located in the New Cross area of the borough of Lewisham near Goldsmiths University, University of Greenwich and King’s College London, the grade A property will include both en-suite and studio rooms, 58 affordable residential units and 24,000 square feet of commercial space across two high-rise buildings. The PBSA units will be fully furnished and offer access to a gym, a courtyard, a game room and study areas. The New Cross property will be managed by Novel Student, CA Ventures' in-house PBSA management company. The property is expected to be ready for the 2024 academic year.

Paul Bashir, chief executive officer of Harrison Street Europe, says that the project is desperately needed in L

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