Summary:
- Gamuda Land has acquired a site at 14 Marshgate Lane, Stratford, London, to develop a 321-bed purpose-built student accommodation (PBSA) project valued at RM600 million, marking its first fully owned and self-managed PBSA venture in the UK, scheduled for completion in the 2028/29 academic year.
- The development is strategically located near University College London’s East campus and the London College of Fashion, serving a combined student population of over 10,000, and close to Westfield Stratford, London’s largest retail destination.
- This acquisition advances Gamuda Land’s plan to deliver up to 3,000 student beds across key UK cities within five years, expanding its UK PBSA portfolio to 1,232 beds across three sites, with a total UK development pipeline valued at approximately £1.5 billion (RM8.4 billion).
Original article:
https://theexchangeasia.com/gamuda-buys-london-site-for-rm600mil-student-housing-project/
