The scheme is part of the company’s development pipeline for additional 4,000 beds in London by 2014.
The Camden scheme, cleared by the council last week, will provide managed student accommodation for 563 students. The development will offer a range of cluster apartments and studios and is scheduled for completion in 2013.
The proposal has been taken forward in partnership with builders merchant Travis Perkins, which will be provided with a new store at the ground floor of the development once it completes.
Including this scheme, Unite now has planning permission and funding for 1,900 beds of its target 4,000 London pipeline. A further 900 are secured and awaiting planning permission and the company is confident of securing the remaining 1200 beds in the second half of 2011.
Unite development director Richard Simpson said: “The scheme in Camden is a further milestone in our target to substantially expand our presence in the key London market. We expect London to continue to benefit from strong market fundamentals, with the supply/demand imbalance still a key factor, and we expect it to remain the most attractive and thereby resilient destination for UK and international students.”
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