{"id":802928,"date":"2026-03-04T07:19:16","date_gmt":"2026-03-04T07:19:16","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/802928\/"},"modified":"2026-03-04T07:19:16","modified_gmt":"2026-03-04T07:19:16","slug":"191m-student-accommodation-up-for-sale-in-central-london-market","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/802928\/","title":{"rendered":"\u00a3191m student accommodation up for sale in Central London market"},"content":{"rendered":"<p><strong>A Purpose-Built Student Accommodation development in London Paddington is set to be sold for in excess of \u00a3191 million.<\/strong><\/p>\n<p>Citi View has been operational since the start of the 2024\/25 academic year, operated by Prestige Student Living.<\/p>\n<p>Naresh Abrol at Union Property Developments, said: \u201cWe acquired Citi View from the University of London in September 2022 and undertook a full refurbishment to deliver a modern, resilient PBSA asset that has now been fully operational for 18 months.<\/p>\n<p>\u201cHaving proudly established the scheme, we are now ready to pass the baton to a new investor as we progress our broader ambitions.\u201d<\/p>\n<p>The scheme comprises 357 beds, arranged across eight floors. The development holds a range of studios designed to meet demand from postgraduate students.<\/p>\n<p>The asset has gross income of \u00a311.2 million for the 2025\/26 academic year, due to rise to \u00a311.4 million in 2026\/27, strengthened by an agreement with Londonist DMC Ltd.<\/p>\n<p>London has more than 42 Higher Education Institutions, including five Russell Group universities.<\/p>\n<p>This includes Bloomsbury\u2019s renowned \u2018Knowledge Quarter\u2019, home to University College London and the University of London located approximately 9 minutes away. Imperial College London\u2019s White City Campus and main South Kensington campus are accessible in around 10 and 20 minutes respectively, while both the London School of Economics and King\u2019s College London can be reached in approximately 20 minutes.<\/p>\n<p>Rupert Strutt, partner in the student property team at Knight Frank, said: \u201cWe are incredibly proud to bring Citi View to the market; the sale represents a standout opportunity for investors.<\/p>\n<p>\u201cThe scheme is institutionally scaled, modern, and truly best\u2011in\u2011class, offering something unique for both established players and new entrants, seeking exposure to a prime Zone 1 location.<\/p>\n<p>\u201cWith continued demand for high\u2011quality, well\u2011located operational assets, combined with a lack supply in the capital, Citi View is exceptionally well\u2011positioned to attract strong interest.\u201d<\/p>\n<p>HESA data shows that London is also the largest and most structurally undersupplied PBSA market in the UK, with 74% of students unable to access purpose-built accommodation.<\/p>\n<p>London is home to 476,000 full\u2011time students, while international students now account for 55% of the city\u2019s student population, with non\u2011EU numbers rising by 80% since 2019.<\/p>\n<p>Russell Hefferan, head of student accommodation, capital markets, at Cushman &amp; Wakefield, said: \u201cThis type of investment opportunity only emerges once every few years.<\/p>\n<p>\u201cWe are incredibly excited to be mandated on Citi View \u2013 a premium product in the prime West End submarket of London, the leading global destination for students.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"A Purpose-Built Student Accommodation development in London Paddington is set to be sold for in excess of \u00a3191&hellip;\n","protected":false},"author":2,"featured_media":802929,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[7757],"tags":[748,393,4884,257,89900,141330,33020,16,15],"class_list":["post-802928","post","type-post","status-publish","format-standard","has-post-thumbnail","category-london","tag-britain","tag-england","tag-great-britain","tag-london","tag-london-paddington","tag-purpose-built-student-accommodation","tag-student-accommodation","tag-uk","tag-united-kingdom"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/116169694684111199","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/802928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=802928"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/802928\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/802929"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=802928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=802928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=802928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}