M&G Real Estate has announced its acquisition of a €156m (£135m) state-of-the-art, 500-room purpose-built student accommodation (PBSA) development in Stratford, east London. This development, known as N16 Stratford, is currently underway and is expected to be ready for students by the 2028/29 academic year.
This latest acquisition expands M&G Real Estate's student accommodation portfolio to €1.06bn (£900m) and provides over 8,000 beds across key university towns and cities. The investment underlines M&G’s commitment to high-quality, well-located assets that can deliver stable income and capital appreciation for investors. Demand for student accommodation continues to outstrip available supply in Greater London, with a reported supply gap that has increased by 45% since 2017/18, now standing at over 10,000 beds in 2023¹.
N16 Stratford is centrally located near several established and accredited universities, and the new development aims for an EPC rating of A and a BREEAM rating of Outstanding. The project is being led by HG Living in partnership with HG Construction as the main contractor.
Alex Greaves, Head of UK Residential at M&G Real Estate, commented: “N16 Stratford is an excellent addition to M&G’s significant student accommodation portfolio and addresses the acute need for quality accommodation in London for talented students to study, develop career paths and relax. We are excited about the opportunities it presents alongside the potential for attractive returns in a market that has consistently shown resilience and growth. We look forward to a long and fruitful partnership with HG Living.”
Craig McPhail, Director at HG Living, added: “We are delighted to partner with M&G Real Estate on N16 Stratford. Their expertise and strategic vision align perfectly with our commitment to delivering sustainable, high-quality accommodation with strong sustainability credentials in a key undersupplied student market. I thank everyone involved for their contribution and commitment to making this partnership possible, and we look forward to working together to deliver another best-in-class PBSA asset.”
M&G Real Estate is part of M&G plc’s £74bn (€86.7bn) Private Markets division.
Get the latest real estate news and investment insights from Europe Real Estate—your trusted source since 1999.
FREE subscription to receive daily or weekly updates. Sign up here!
