Malaysia’s Gamuda Berhad and Singapore’s Q Investment Partners (QIP) have announced the Phase 2 expansion of their student accommodation project in Woolwich, London. This development, valued at approximately $50.5m, will add 120 beds, bringing the total to 419 units. The expansion follows the successful completion of Phase 1 and is part of Gamuda’s strategy to provide 3,000 student beds in the UK by 2029.
The project is strategically located within the Royal Arsenal regeneration area, offering excellent connectivity to central London via the Elizabeth Line. Students will benefit from commute times of under 35 minutes to major universities, including the University of Greenwich and King’s College London. The development will feature amenities such as private study areas, fitness facilities, and a community hub.
Chu Wai Lune, CEO of Gamuda Land, expressed confidence in the UK student housing sector, stating, “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.”
Peter Young, CEO of QIP, highlighted the project’s significance, saying, “This Phase 2 agreement underscores the strength of our joint venture with Gamuda and our shared ambition for delivering institutional-quality student accommodation.”
The UK purpose-built student accommodation (PBSA) market continues to attract investment due to a persistent undersupply of student beds and strong international student growth. Gamuda and QIP’s expansion reflects their commitment to addressing these demands whilst creating long-term value for investors and communities. Completion of Phase 2 is expected in Q4 2026.
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