US private equity firm KKR is forward funding a 544-bed student housing development in the UK.
KKR鈥檚 European value-add and opportunistic real estate strategy, together with Inhabeo, KKR real estate鈥檚 European living-sector platform, will fund the development of a purpose-built student accommodation asset near the University of Warwick.
The project is being undertaken by developer Gilltown and general contractor Winvic, and is scheduled to complete in the summer of 2027.
Seb d鈥橝vanzo, managing director and head of real estate acquisitions for KKR in Europe, said: 鈥淲e鈥檙e pleased to grow our student housing portfolio with Inhabeo by investing in this strategically located development scheme which is transforming a vacant office space into a vibrant student community to address the University of Warwick鈥檚 need for more residential accommodation.
鈥淭his investment underscores the strength of our conviction in providing high-quality living spaces in undersupplied markets that enjoy resilient demand from top universities.鈥�
Ross Netherway, CEO of Inhabeo, said: 鈥淲e鈥檙e delighted to add to our European living sector investments alongside KKR through this off-market transaction. Gilltown and Winvic have proven track records and we look forward to delivering this development with them.鈥�
James Gillespie, development director at Gilltown, said: 鈥淐ollaborating with KKR and Inhabeo on this latest exciting project is an important step for Gilltown and we鈥檙e very pleased to be working alongside Winvic Construction to deliver it.鈥�
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