Construction on the scheme is underway with completion being targeted in time for the 2028/29 academic year.

The development is targeting an EPC ‘A’ rating and a BREEAM ‘Outstanding’ accreditation.

HG Living is leading the development alongside HG Construction as the main contractor.

This acquisition now takes M&G Real Estate’s PBSA portfolio past £900m and over 8,000 beds.

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“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,” said Alex Greaves, head of UK residential for M&G Real Estate.

“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 of 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.”