Forsters’ Student Accommodation Team Acts for Q Investment Partners on Woolwich Development
Acting on behalf of Singapore-based private equity firm Q Investment Partners, we are delighted that our Student Accommodation team has facilitated a joint venture with Hurlington Capital to develop an £80 million student accommodation site in Woolwich.
The work involved input from across the firm with the team made up of Partners and Associates from Commercial Real Estate, Construction, Banking and Finance, Planning and Corporate.
This is the first joint venture between QIP and specialist investor and developer Hurlington Capital and is both investors first asset in the London PSBA market.
Work on the site is due to start in Q1 2024, with completion anticipated in time for the 2026/27 academic year.
Commercial Real Estate Partner and Head of Forsters’ Student Accommodation Group, Ronan Ledwidge, said: “We are delighted to have acted for long-standing client QIP on this transaction, which is another great example of two parties working in collaboration towards helping to plug the supply shortfall in the sector”.
Peter Young, CEO and co-founder of QIP commented: "The UK’s PBSA market remains remarkably resilient and a compelling opportunity for investors who know the sector in detail."