Landmark Properties, the most important scholar housing developer in america, has closed on its first land acquisition within the UK, securing a main web site on William Highway in central London, NW1.
The sale, facilitated by the Pupil Property staff of Knight Frank, will ship a brand new growth of 225 purpose-built scholar beds alongside high-quality amenity area.
Situated within the Camden district, the location is roughly a 10-minute stroll from College School London (UCL), Euston Station and Regent’s Park. a
This milestone marks the primary of a number of UK schemes Landmark has been securing in latest months, as a part of a broader nationwide technique centered on delivering differentiated scholar housing product in prime regional college cities and super-prime central London places. It at present has a pipeline of greater than 3,000 beds.
“Closing our first growth deal within the UK represents an enormous milestone for Landmark,” stated Wes Rogers, Chairman and CEO of Landmark Properties. “We’re excited to convey a lot wanted high-quality PBSA to the UK.”
Landmark might be partnering with Centurion Company, a well-established supplier of scholar lodging within the UK, on the William Highway scheme.
“We’re happy to companion with Landmark Properties on this strategic entry into London,” stated Kong Chee Min, CEO of Centurion Company Restricted. “Centurion brings deep operational expertise and a powerful monitor file in managing scholar lodging, with a worldwide PBSA footprint throughout the UK, Australia, america and China. Along with Landmark’s confirmed growth experience, we’re excited to increase our operational excellence to London, our sixth metropolis within the UK, and ship a premium purpose-built scholar lodging.”
The event will function thoughtfully designed communal areas and state-of-the-art facilities tailor-made to the wants of right this moment’s college students, reflecting Landmark’s dedication to high quality, neighborhood, and innovation.
“Landmark’s debut UK funding is a big cross-border play by one of many largest US scholar housing suppliers. Their entry into London is a big vote of confidence within the sector’s resilience and long-term development,” stated Rupert Strutt, a companion within the Pupil Property staff at Knight Frank commented. “There’s a nice urge for food for well-located, high-quality schemes and abroad buyers are notably interested in UK PBSA because the demand continues to outstrip provide. As we progress by 2025, the sector stays well-positioned for an additional 12 months of sturdy funding.”
With greater than 72,000 beds underneath lively administration throughout america and a sturdy pipeline of scholar and multifamily initiatives, Landmark’s entry into the UK market underscores its ambition to develop into a number one participant within the European purpose-built scholar lodging sector.
