Work begins on London Bridge Station student accomodation development

Work has begun on a new purpose-built student accommodation asset near London Bridge Station.

The accommodation is a venture between rental housing firm Greystar Real Easte Partners LLC, and Canadian pension investment company, PSP Investments.

The asset will operate under the premium Chapter London brand, comprising of 11 assets across the Capital including Spitalfields, Old Street, Highbury and South Bank. With groundworks underway, the main construction work is due to start in March 2022, with the opening scheduled for the 2025 academic year.

The 39 storey, 453 ft. (138-metre) tower will comprise 905 student beds and 15,000 sq ft of amenity space. It has undergone a rigorous design process, led by architects Kohn Pedersen Fox Associates (“KPF”), in partnership with Greystar’s in-house global design team.

Greystar has worked with the London Borough of Southwark to discharge all pre-commencement planning conditions, and demolition contractors Cantillon have commenced work onsite to demolish Capital House on 42 Weston Street to prepare the site for construction.

Greystar and PSP Investments have appointed Mace as the main contractor for the construction of the building. Mace will adopt a data-driven approach to reduce its onsite carbon footprint, coupled with modern methods of construction to minimise the scheme’s environmental footprint.

Stéphane Jalbert, MD, head of Asia-Pacific and Europe, Real Estate Investments, PSP Investments, said: “We are pleased to expand our Chapter brand with this new development at London Bridge.

“In addition to providing state-of-the-art amenities for students from around the world, this purpose-built student accommodation building will incorporate the best sustainability features and will promote activities generating a positive impact on the local communities.”

Andrew Jones, project director, Mace, said: “We are delighted to have been selected as Greystar’s construction partner, working together with Kohn Pedersen Fox Associates to deliver such an ambitious scheme.

“Delivered through an advanced modern methods of construction approach, we will maximise bespoke off-site solutions to drive faster, safer and greener delivery to a consistent factory quality.”