Eldridge Real Estate Credit is providing the financing with this deal marking the eighth time the firm has worked with Vita Group.

The 48-storey building in Canary Wharf will feature eight unit types, ranging from 18 to 46 sqm.

Located at 30 Marsh Wall, this development will include a gym, cinema, co-working spaces and games room.

Construction is expected to complete in September 2028 with Tide Construction serving as both developer and contractor.

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“With its prime location in Canary Wharf and an unmet demand for student accommodation, this project represents an exciting opportunity to introduce Vita’s exceptional living experience to a new market,” said Ioannis Verdelis, chief investment officer at Vita Group.

“Our focus on creating vibrant communities, supported by high-specification amenities and services, ensures that students thrive both academically and personally.”

John Cole, global head of real estate credit at Eldridge Capital Management, added: “As the UK’s largest student market, with 42% of its population coming from overseas, London faces a significant shortage of high-quality accommodation. This development will help address that gap, providing a first-class living experience in one of the world’s foremost education hubs.”