iQ acquires and forward funds 1,209-bed PBSA development adjacent to the University of Warwick
iQ Student Accommodation (iQ), one of the UK’s leading providers of student housing, which is 100% owned by funds managed by Blackstone, today announces it has agreed to forward fund Topland Vintage group, one of the largest privately owned investment groups in the UK, on the development of a 1,209-bed student accommodation and co-living campus a stone’s throw from the University of Warwick.
iQ will partner with Topland Vintage Group and McLaren Property, one of the UK’s leading PBSA developers, to deliver the development in two phases, with the first phase expected to complete in 2025 and the second phase following in 2026. Planning consent for the campus was approved in December 2022 and construction is due to start at the end of this year.
Adjacent to the University of Warwick’s campus, the development will comprise 1,078 PBSA beds, 131 co-living beds and 6,000 sq ft of retail space. It will provide best-in-class amenities for residents including study lounges, game lounges, a TV lounge, private dining rooms, a gym and yoga studio …