UK-based manager and developer of student accommodation – Unite Students – has reached practical completion on its latest London development, Hayloft Point. Located in the heart of central London, Hayloft Point is Unite Student’s new flagship purpose-built student accommodation (PBSA) development. It spans 24-storeys and will provide beds for 920 students. It covers 29,000 sqm in total, with development costs totalling £190m.
Amenities include indoor and outdoor social spaces, study facilities, gym, cinema, and games and karaoke rooms. Residents at Hayloft Point will also benefit from onsite teams that provide 24/7 support, access systems and CCTV. As part of the organisation’s commitment to sustainability, solar panels, air source heat pumps, and bike storage facilities have been installed.
Hayloft Point has a five-year contract agreed with King’s College London to provide beds for its students. The property is fully let for the 2022/23 academic year.
With close proximity to Shoreditch and the City, Aldgate offers access to local amenities and transport connections. Over recent years, the area has benefitted from investment in the leisure and food and beverage scenes.
London is an area of strategic importance for Unite Students. It first entered the market in the capital in 1998, over 20 years ago, and now has c.11,500 beds across the city and almost 4,000 more in its pipeline, including in key areas such as Stratford, Hackney and Tower Hamlets.
“The practical completion of Hayloft Point represents a significant milestone in our London growth strategy. With the support of one of the UK’s leading universities, King’s College London, in delivering this, it also reflects our success in building valuable long-term partnerships with key higher education institutions.
“There remains a huge opportunity to meeting growing demand across London – where there remains a significant undersupply of high-quality, affordable accommodation. This new building represents a truly market-leading offer for students, placing them in the heart of the action, in the centre of London, and with unbeatable amenities.”Nick Hayes, Group Property Director at Unite Students