US real estate firm Landmark Properties has acquired a London site for a student housing project, marking its first UK land acquisition since entering the market last year.
Landmark Properties said it has secured a London site on William Road for a 225-bed purpose-built student accommodation (PBSA) project.
Wes Rogers, chairman and CEO of Landmark Properties, said: “Closing our first development deal in the UK represents a huge milestone for Landmark. We’re excited to bring much needed high-quality PBSA to the UK.”
Landmark Properties is partnering with student accommodation provider Centurion Corporation on the William Road scheme.
Kong Chee Min, CEO of Centurion Corporation, said: “We are pleased to partner with Landmark Properties on this strategic entry into London. Centurion brings deep operational experience and a strong track record in managing student accommodation, with a global PBSA footprint across the UK, Australia, the US and China.
“Together with Landmark’s proven development expertise, we are excited to expand our operational excellence to London, our sixth city in the UK, and deliver a premium purpose-built student accommodation.”
The sale was facilitated by the student property team of Knight Frank.
Rupert Strutt, a partner in the student property team at Knight Frank, said: ”Landmark’s debut UK investment is a significant cross-border play by one of the largest US student housing providers. Their entry into London is a significant vote of confidence in the sector’s resilience and long-term growth.
“There is a great appetite for well-located, high-quality schemes and overseas investors are particularly attracted to UK PBSA as the demand continues to outstrip supply. As we progress through 2025, the sector remains well-positioned for another year of robust investment.”
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