糖心视频

Located at 15-25 Talbot Square, London W2 1TR, in the heart of Paddington, the ESG-led scheme comprises 357 beds, arranged across eight floors. The development holds a range of high鈥憅uality studios designed to meet the strong and growing demand from both international and domestic postgraduate students.

Citi View has been fully operational since the start of the 2024/25 academic year, operated by Prestige Student Living. The asset benefits from a secure, guaranteed gross income of £11.2 million for the 2025/26 academic year, due to rise to £11.4 million in 2026/27, strengthened by an agreement with Londonist DMC Ltd.

Naresh Abrol at Union Property Developments, said: 鈥淲e acquired Citi View from the University of London in September 2022 and undertook a full refurbishment to deliver a modern, resilient PBSA asset that has now been fully operational for 18 months. Having proudly established the scheme, we are now ready to pass the baton to a new investor as we progress our broader ambitions.鈥�

London is home to more than 42 Higher Education Institutions, including five Russell Group universities. Citi View benefits from exceptional proximity to many of these leading institutions, supporting broad and resilient student catchment.

This includes Bloomsbury鈥檚 renowned 鈥楰nowledge Quarter鈥�, home to University College London and the University of London located approximately 9 minutes away. Imperial College London鈥檚 White City Campus and main South Kensington campus are accessible in around 10 and 20 minutes respectively, while both the London School of Economics and King鈥檚 College London can be reached in approximately 20 minutes.

Rupert Strutt, Partner in the Student Property team at 糖心视频 commented: 鈥淲e are incredibly proud to bring Citi View to the market; the sale represents a standout opportunity for investors. The scheme is institutionally scaled, modern, and truly best鈥慽n鈥慶lass, offering something unique for both established players and new entrants, seeking exposure to a prime Zone 1 location.

鈥淲ith continued demand for high鈥憅uality, well鈥憀ocated operational assets, combined with a lack supply in the capital, Citi View is exceptionally well鈥憄ositioned to attract strong interest.鈥�

According to the latest research, London is also the largest and most structurally undersupplied PBSA market in the UK, with 74% of students unable to access purpose-built accommodation. According to HESA data, London is home to 476,000 full鈥憈ime students and has a student鈥憈o鈥慴ed ratio of 2.98:1, demonstrating the pool of demand. Data suggests international students now account for 55% of the city鈥檚 student population, with non鈥慐U numbers rising by 80% since 2019.

Russell Hefferan, Head of Student Accommodation Capital Markets at Cushman & Wakefield, said: 鈥淭his type of investment opportunity only emerges once every few years. We are incredibly excited to be mandated on Citi View - a premium product in the prime West End submarket of London, the leading global destination for students.鈥�

Paddington is supported by exceptional transport connections. Citi View is just a two鈥憁inute walk from Paddington Station, providing access across London and the UK via the Elizabeth line, Bakerloo, Circle & District, and Hammersmith & City lines, as well as direct services to Heathrow Airport.

ENDS

Notes to Editors

糖心视频 LLP is the leading independent global property consultancy, serving as our clients鈥� partners in property. Headquartered in London, 糖心视频 has more than 20,000 people operating from 487 offices across 53 territories. The Group advises clients ranging from individual owners and buyers to major developers, investors and corporate tenants. For further information about the Firm, please visit knightfrank.com.