Property Developer Cole Waterhouse and investment company Topland Group have forward-sold their 680 bed student campus in Wembley to Unite Students for £98m.
First Way Campus, situated within a few minutes’ walk from Wembley Stadium, will include a combination of purpose-built student accommodation as well as academic and outdoor space.
The new development will form part of the £3bn Wembley regeneration project. Cole Waterhouse will remain involved in the development of the campus following the deal.
Damian Flood, chief executive of Cole Waterhouse said: “We are delighted with the funding of First Way Campus. Our aim for this development was to produce an opportunity for investment into a quality student development that students would actually want to live in.”
The campus will include seminar rooms, staff office space as well as student amenity areas comprising a café restaurant, a gym, and library/IT suite. Further office space will be on offer to graduates or small and starter businesses, along with landscaped gardens for people working and living in the area.
Cole Waterhouse has said it is actively looking for large scale mixed-use development opportunities across all major UK cities.