Q Investment Partners (QIP), a Singapore-based private equity firm, has formed a joint venture with Gamuda to invest around ₤100m ($128m) in UK student housing.
Following the closing of the equity fundraising, QIP will collaborate with UK-based co-developer Hurlington Capital to build a new 299-bed purpose-built student accommodation (PBSA) in Woolwich, London.
The endeavour is QIP’s largest single asset transaction and its first collaborative effort with Gamuda, an established engineering, infrastructure, and property developer listed on Bursa Malaysia.
Hurlington Capital purchased the 81-88 Beresford site in 2020. It is ideally located and is a part of the multibillion-pound redevelopment of the historic Royal Arsenal in London. With a mix of 150 studios and 149 cluster rooms, the development will be the first PBSA scheme in the regeneration region, providing 299 beds.
With assistance from Hurlington Capital, QIP Development Group (QIPDG), a QIP affiliate, will take over as development managers. Development management duties will be divided between the two partners, with C-Field Construction designated as the main contractor.
After the demolition is finished, construction on the site will start in the third quarter of 2024. The lodging will be accessible for the 2026–2027 school year.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataPeter Young, CEO, and co-founder of Q Investment Partners said: “This joint venture with Gamuda represents a significant milestone for QIP. It marks our entrance into the London Student Housing market, with Woolwich becoming our eleventh UK asset to date. We are targeting further UK PBSA opportunities with Gamuda as part of our respective larger strategy in the sector.
The successful closing of this transaction underscores our commitment to investing in high-quality student housing by delivering over 2,000 beds across prime university cities. We are excited to work with our partners to bring this project to fruition, leveraging our integrated development capabilities.’’
Chu Wai Lune, CEO of Gamuda Land, commented: “Our partnership with QIP on this project is a strategic move that aligns with our focus on high-yield Quick Turnaround Projects (QTPs) and growth in familiar territories that we operate in. By strategically balancing township developments with QTPs, we are able to deliver sustainable, high-quality developments with greater efficiency.”
James Coppack, head of development at Q Investment Partners, added: “We are tremendously proud of our Woolwich Arsenal PBSA development, representing one of the last remaining sites within the larger Berkeley Homes rejuvenation masterplan. Our QIP Development Group (QIPDG) in co-operation with Hurlington Capital have been working collaboratively on this project over the last 12 months and look forward to working with our funding partner Gamuda and its property development arm, Gamuda Land to bring this one to market in academic year 2026. The project represents a significant milestone in QIP’s continued growth of their vertically integrated real estate platform.
The development offers transport links, with eight major universities within 40 minutes.
Moreover, it features ground floor amenities, a roof terrace, and outdoor landscaping and the building also includes a community engagement programme, 35% affordable student accommodation, and BREEAM Excellent and EPC A ratings.
