Gamuda Berhad and Q Investment Partners (QIP) have confirmed an expansion of their student accommodation project in Woolwich, London, with Phase 2 now underway.
This follows the topping out of the 299-bed Phase 1 scheme, marking Gamuda’s first UK student housing project and QIP’s first in the capital.
The second phase, valued at around £41.5m, is set to deliver 120 more student beds, bringing the total to 419 beds over both phases.
The site for Phase 2 was acquired from Hurlington Capital and is expected to complete in the fourth quarter of 2026, taking the overall project value to around £144.5m.
Chu Wai Lune, CEO of Gamuda Land, said: “We’re pleased to deepen our collaboration with QIP on this next phase of our Woolwich development.
“The success of Phase 1 reinforces our confidence in the UK student housing sector and in our ability to create high-quality, sustainable living spaces that resonate with global student needs.”
“At Gamuda, we view the UK as a strategic market and are steadily growing our presence through carefully selected partnerships and opportunities.”
Wai Lune added: “This expansion reflects our commitment to scaling our PBSA footprint across key academic cities, bringing the same level of design quality and community focus that define our developments globally.”
Peter Young, CEO and co-founder of Q Investment Partners, said: “This Phase 2 agreement underscores the strength of our joint venture with Gamuda and our shared ambition for delivering institutional-quality student accommodation that meets the evolving needs of students while creating long-term value for our investors and communities.
“The Woolwich schemes play a key role in QIP’s portfolio & represents our flagship PBSA development in London, reflecting our long-term commitment to the UK market. Led by our UK-based QIP Development Group (QIPDG), under the leadership of James Coppack, this project also highlights the importance of our development expertise & execution within QIP’s vertically integrated real estate platform.
“We were among the first to recognise the area’s potential, and we’re proud to see this development progress with strong momentum.”
Young added: “The UK PBSA sector continues to present compelling opportunities, and we remain committed to delivering long-term value through well-located, thoughtfully designed assets.”
