Summary:
- DPK Group secured a £113 million development facility from Firma Partners to convert the Royal Albert Dock office complex in East London into a purpose-built student accommodation (PBSA) scheme valued at approximately £300 million.
- The project involves refurbishing 20 buildings to deliver 1,085 student beds and 55,000 sq ft of retail and amenity space, with full planning consent obtained in 2023 and completion targeted for Q3 2027 after an 18-month construction period.
- Homes for Students will operate the scheme, supported by Deloitte’s advisory role, while Firma Partners highlighted the project’s strategic value in addressing London’s student housing shortage through the adaptive reuse of high-quality office space.
Original article:
https://benews.co.uk/dpk-group-secures-113m-facility-to-fund-east-london-pbsa-conversion-scheme/
