M&G Real Estate has acquired a £135m, 500-room purpose-built student accommodation (PBSA) development in Stratford, East London, from Get Living.
The development of N16 Stratford is being led by HG Living and main contractor HG Construction, and it is expected to be ready for students in the 2028/29 academic year.
M&G is targeting an EPC A and a BREEAM Outstanding rating for the circa 19,000 sq m (circa 205,000 sq ft) development, which is situated in the heart of Stratford and will provide 1,500 sq m (circa 16,000 sq ft) of amenity space, roof terraces and courtyards.
Alex Greaves, head of UK residential at M&G Real Estate, said: “N16 Stratford is an excellent addition to M&G’s significant student accommodation portfolio and addresses the acute need for quality accommodation in London for talented students to study, develop career paths and relax.
“We are excited about the opportunities it presents alongside the potential for attractive returns in a market that has consistently shown resilience and growth. We look forward to a long and fruitful partnership with HG Living.”
Craig McPhail, director at HG Living, added: “We are delighted to partner with M&G Real Estate on N16 Stratford. Their expertise and strategic vision align perfectly with our commitment to delivering sustainable, high-quality accommodation with strong sustainability credentials in a key undersupplied student market. I thank everyone involved for their contribution and commitment in making this partnership possible and we look forward to working together to deliver another best-in-class PBSA asset.”
