Gamuda and Q Investment unveil £41.5m expansion to London PBSA scheme

Malaysian property group Gamuda Berhad and Singapore-headquartered Q Investment Partners have announced a £41.5m expansion of a student accommodation scheme in Woolwich, south London.

The expansion will add 120 beds, bringing the total to 419 across both phases, which will have a combined gross development value of £144.5m. The scheme is scheduled for completion in Q4 2026.

The site on Beresford Street is part of the Royal Arsenal regeneration masterplan and was acquired from Hurlington Capital.

Phase 1 is targeting BREEAM ‘Excellent’ and EPC ‘A’ ratings, with 35% of units designated for affordable student accommodation.

Peter Young, chief executive and co-founder of Q Investment Partners, said the Woolwich schemes played a “key role in QIP’s portfolio and represents our flagship PBSA development in London, reflecting our Long-term commitment to the UK market”.

“This project also highlights the importance of our development expertise & execution within QIP’s vertically integrated real estate platform; he added. “We were among the first to recognise the area’s potential and we’re proud to see this development progress with strong momentum.”

Chu Wai Lune, chief executive of Gamuda Lands, said: “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.

‘This expansion reflects our commitment to scaling up our PBSA footprint across key academic cities, bringing the same Level of design quality and community focus that define our developments globally.”