Q Investment Partners (QIP) and Malaysia-based Gamuda have partnered to invest £100m (€118.3m) in UK student housing.
As part of the partnership, Singapore-headquartered QIP, alongside UK-based co-developer Hurlington Capital, will develop a 299-bed purpose-built student accommodation (PBSA) in Woolwich, London.
The site at 81-88 Beresford was acquired by Hurlington Capital in 2020. QIP’s subsidiary, QIP Development Group (QIPDG), will lead as development manager, supported by Hurlington Capital.
Peter Young, CEO and co-founder of Q Investment Partners, said the joint venture with Gamuda marks QIP’s entrance into the London student housing market, with Woolwich “becoming our eleventh UK asset to date”.
Young added: “We are targeting further UK PBSA opportunities with Gamuda as part of our respective larger strategy in the sector. The successful closing of this transaction underscores our commitment to investing in high-quality student housing by delivering over 2,000 beds across prime university cities.”
Chu Wai Lune, CEO of Gamuda Land, said: “Our partnership with QIP on this project is a strategic move that aligns with our focus on high-yield quick turnaround projects (QTP) and growth in familiar territories that we operate in. By strategically balancing township developments with QTPs, we are able to deliver sustainable, high-quality developments with greater efficiency.”
James Coppack, the head of development at Q Investment Partners, said QIPDG in cooperation with Hurlington Capital have been working collaboratively on this project over the last 12 months and “look forward to working with our funding partner Gamuda and its property development arm, Gamuda Land to bring this one to market in academic year 2026”.
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