Singapore-headquartered private equity firm Q Investment Partners (QIP) and Hurlington Capital, the London-based investor and developer, have formed a joint venture to develop an £80 million ($99 million) gross development value purpose-built student accommodation (PBSA) site in Woolwich, London. Work on the site is due to commence in first quarter 2024, with anticipated completion in time for the 2026–2027 academic year.
Representing QIP’s entrance to the London PBSA market, the site at 81-88 Beresford Street was acquired by Hurlington Capital in 2020 and is situated in a prime location as part of the multibillion-pound regeneration of the former Royal Arsenal. With planning consent secured in August 2022, it is the first PBSA scheme in the regeneration area and will deliver 298 beds through a 50-50 mix of studios and cluster rooms.
James Coppack, head of development at Q Investment Partners, said: "Our Woolwich Royal Arsenal site will be the first in the United
