Greystar tops out at Canvas Wembley PBSA

Canvas Wembley is Greystar’s first ground up PBSA development asset in the UK, following the launch of the brand in 2021.

The Canvas Wembley student accommodation scheme. Greystar celebrates topping out with Brent Council | PBSA News
The Canvas Wembley student accommodation scheme. Greystar celebrates topping out with Brent Council.

Greystar celebrated the structural completion of its purpose-built student accommodation (PBSA) scheme in Wembley with a topping out ceremony organised by construction partners McAleer & Rushe. The occasion was celebrated alongside senior representatives from Brent Council and the Greater London Authority.

Canvas Wembley includes 770 student beds. The scheme is Greystar’s first ground up PBSA asset under the Canvas brand.

Amenities include two lounges, co-working spaces, a café, activity space, library, gym, yoga studio and private dining areas. The Canvas brand is about creating a lifestyle that matches the needs of its residents, and students will be invited to partake in a full annual calendar of events.

“London is a highly attractive market for student accommodation investment, facing a scarcity of high-quality options despite its status as one of the top global capital cities for students. This is a significant milestone in the growth of our Canvas brand in the UK, and we were delighted to mark the occasion with Brent Council, who have been an important partner in the delivery of the scheme.

“Canvas Wembley is set to transform the student accommodation landscape in Wembley Park, offering a modern, sustainable living environment for students that supports both their academic journey and personal growth.”

Ben Mowbray, Managing Director- UK Student Investment, Greystar

A comprehensive wellbeing programme including events, talks, and a Student Assistance Programme will also be available to those enrolled. It is being delivered in partnership with university stakeholders.

Residents also benefit from the innovative Canvas app, which they can use for maintenance and parcel services, and they can access exclusive offers and promotions.

Group shot at the topping out event | PBSA News
Group shot at the topping out event.

Canvas Wembley is located close to transport links and is a four-minute walk to Wembley Park tube station, which provides services direct to central London.

Set within the North East Lands development and near the iconic Wembley Stadium, the site is part of a 12-acre district that will deliver 2,347 residential units of varying tenures next to the biodiverse seven-acre Union Park. Wembley Park is now an established neighbourhood, and an increasingly popular environment for students to live.

“We look forward to completing the fit out of Canvas Wembley and welcoming our first students for the 2025 academic year. The project forms part of our wider strategy to increase our UK student accommodation footprint and develop new supply in a market characterised by acute shortages. We are constantly on the lookout for well-located, brownfield sites to develop high-quality, purpose-built accommodation from the ground-up.”

Mark Allnutt, Executive Director, Europe, Greystar

In a significant step towards sustainable finance, Greystar entered into its first Green Loan in the UK, to acquire the site from Quintain in April 2023. The financing underscores Greystar’s commitment to delivering an environmentally responsible and sustainable building, ensuring that the project adheres to the highest standards of ESG criteria.

CGI of Canvas Wembley | PBSA News
CGI of Canvas Wembley.

The Canvas Wembley development will be all-electric to reduce its carbon footprint. It is connected to the District Heat Network to provide efficient heating solutions, and it is equipped with roof PV panels.

Construction Partners, McAleer & Rushe are delivering the scheme as a Whole Life Carbon Assessed project, achieving a LETI A rating for the building structure and is on track to achieve its 500kgc02e/m2 (A1-A5) embodied carbon target upon completion.

“We are delighted to be delivering this landmark PBSA project for Greystar and to contribute further to the ongoing transformation of Wembley Park.

“Over the last eight years, we’ve built a strong and meaningful relationship with the community and look forward to continuing to collaborate with Brent Council to promote local employment opportunities.

“NE01 showcases the significant efforts our business is driving to reduce embodied carbon, with focuses on innovative efficiencies within the concrete frame and maximising offsite fabrication. We’re on track to exceed our Sustainability targets on NE01, underscoring our commitment to delivering our projects safely and sustainably.”

Darragh Greenan, Contracts Director, McAleer & Rushe