Union Property Developments has put the Citi View purpose-built student accommodation (PBSA) scheme in Paddington up for sale for £191m+.
Located at 15-25 Talbot Square, the scheme, which provides 357 beds across eight floors, has been fully operational since the start of the 2024/25 academic year and is operated by Prestige Student Living.
The asset benefits from a secure, guaranteed gross income of £11.2m for the 2025/26 academic year, which is due to rise to £11.4m in 2026/27, strengthened by an agreement with Londonist DMC.
Naresh Abrol, from Union Property Developments, said: “We acquired Citi View from the University of London in September 2022 and undertook a full refurbishment to deliver a modern, resilient PBSA asset that has now been fully operational for 18 months. Having proudly established the scheme, we are now ready to pass the baton to a new investor as we progress our broader ambitions.”
Rupert Strutt, partner in the student property team at Knight Frank, which has been appointed to market the opportunity alongside Cushman & Wakefield, added: “We are incredibly proud to bring Citi View to the market; the sale represents a standout opportunity for investors. The scheme is institutionally scaled, modern, and truly best‑in‑class, offering something unique for both established players and new entrants, seeking exposure to a prime zone one location. With continued demand for high quality, well‑located operational assets, combined with a lack supply in the capital, Citi View is exceptionally well‑positioned to attract strong interest.”
Russell Hefferan, head of student accommodation capital markets at Cushman & Wakefield, said: “This type of investment opportunity only emerges once every few years. We are incredibly excited to be mandated on Citi View – a premium product in the prime West End submarket of London, the leading global destination for students.”
