HG Living have successfully secured a Development Partnership with the landowner of 31 Amelia Street to deliver an all-private purpose-built student accommodation (PBSA) scheme in Zone 1 London.
The partnership will deliver a 146-bed studio-led scheme, offering high-end, boutique accommodation for students studying in central London with development finance provided by Puma Property Finance.
HG Living will oversee the delivery of the development, with HG Construction as the appointed main contractor. Following several months of active involvement, HG Living has secured planning amendments to the existing consent, enhancing the architectural design, strengthening regulatory compliance and unlocking additional value through additional bedrooms and an enhanced amenity offering. Students will have the choice of a range of studio and cluster offerings and benefit from the use of thoughtfully curated shared amenity spaces including co-working and private study areas, residents’ sky lounge, private dining, cinema / gaming areas and outdoor roof terrace.
The development will be highly sustainable, targeting a BREEAM rating of ‘Excellent’, EPC ‘A’ and promoting sustainable practices in it’s day-to-day operations through the use of air-source heat pumps, photovoltaic panels and ample cycle storage for the student and commercial accommodation.
Site mobilisation is scheduled for early 2027, with completion expected in late spring 2029 ahead of the 2029/30 academic year.
Matt King, Head of Investment & Acquisitions at HG Living, added:
“We are thrilled to have partnered with the landowner and Puma Property Finance to deliver a best-in-class student accommodation asset to the London market. This partnership is testament to all involved, navigating challenging market conditions with a solutions-focused approach to bring forward a fantastic development in one of the most desirable cities in the world for students to live and study.”
Rahul Malder, Director of Puma Property Finance, added:
“We are delighted to support HG Living, HG Construction and the landowner in delivering a high-quality purpose-built student accommodation scheme in Elephant & Castle. The financing reflects our conviction in well-located student housing projects and the strength of the underlying demand dynamics in central London.”
