M&G Real Estate has announced the acquisition of a 504-bedroom purpose-built student accommodation (PBSA) development in Stratford, east London, from Get Living.
Construction on the £135m N16 Stratford scheme is already underway, with completion aimed for the 2028/29 academic year. HG Living is leading the development alongside HG Construction as the main contractor.
“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.”
Alex Greaves, Head of UK Residential, M&G Real Estate
Constructed over two blocks reaching ten and 18 storeys, the project will include over 1,500 sqm of amenity space for students, including roof terraces and courtyards.
“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.”
Craig McPhail, Director, HG Living
The development is targeting an EPC A rating and a BREEAM Outstanding accreditation. The asset is part of the final phase of Get Living’s East Village development at the former Olympic Village, and was granted planning permission in 2023.
“As we continue to navigate the ever-changing construction market, we are learning to adapt as an industry.
“Working in partnership as funder, developer and contractor has enabled us to overcome early challenges to successfully secure this scheme.
“We are well underway with preparing the BSR submission and we look forward to making a meaningful start on construction towards the end of year in preparation for receiving students in the 2028/2029 academic year, and to working collaboratively with M&G Real Estate as the scheme progresses.”
Adam Quinn, CEO, HG Construction
This acquisition takes M&G Real Estate’s PBSA portfolio past £900m with over 8,000 beds.
