Gamuda Berhad and Q Investment Partners (QIP) have unveiled plans to expand their purpose-build student accommodation (PBSA) development in Woolwich, London.
Following the recent topping out of phase one, Gamuda and QIP intend to deliver an additional 120 beds in a second phase of development at the site, which was acquired from Hurlington Capital.
The circa £41.5m GDV phase two, which is scheduled to complete in Q4 2026, will bring the total number of beds at the scheme to 419 with a combined GDV of circa £144.5m.
Chu Wai Lune, CEO of Gamuda Land, said: “We’re pleased to deepen our collaboration with QIP on this next phase of our Woolwich development. The success of phase one reinforces our confidence in the UK student housing sector and in our ability to create high-quality, sustainable living spaces that resonate with global student needs.
“At Gamuda, we view the UK as a strategic market and are steadily growing our presence through carefully selected partnerships and opportunities. This expansion reflects our commitment to scaling our PBSA footprint across key academic cities, bringing the same level of design quality and community focus that define our developments globally.”
Peter Young, CEO and co-founder of Q Investment Partners, added: “This phase two agreement underscores the strength of our joint venture with Gamuda and our shared ambition for delivering institutional-quality student accommodation that meets the evolving needs of students while creating long-term value for our investors and communities.
“The Woolwich schemes play a key role in QIP’s portfolio and represents our flagship PBSA development in London, reflecting our long-term commitment to the UK market. Led by our UK-based QIP Development Group, under the leadership of James Coppack, this project also highlights the importance of our development expertise and execution within QIP’s vertically integrated real estate platform.
“We were among the first to recognise the area’s potential, and we’re proud to see this development progress with strong momentum. The UK PBSA sector continues to present compelling opportunities, and we remain committed to delivering long-term value through well-located, thoughtfully designed assets.”
