J3 Advisory has been instructed by Tribe, the London and South East-focused student housing developer, to place the insurance on their £60million scheme on Old Kent Road.
The 7000m2 student accommodation scheme is scheduled to be completed in March 2024 and will provide 267 student bed spaces. The scheme also includes a 373m2 pocket park to the north of the site and commercial space on the ground floor.
Tribe director, Laurence Quail, said: “This development will provide much-needed student accommodation for some of the capital’s largest universities. The Old Kent Road is undergoing significant redevelopment and this scheme is part of a wider programme that will upgrade the area.”
J3 director, Johnny Leadsom, added: “We believe the UK is and will continue to be one of the top educational destinations for international students. The student housing market offers very compelling investment opportunities with long-term stable returns, and we look forward to supporting property developers, investment funds, and other associated professionals in the sector.”
Toby Mills, senior development manager of Tribe, added: “Johnny immediately put our team at ease with his professional and detailed approach to our insurance requirement. We were pleased that he could manage the expectations of all the stakeholders involved and get the policy in place so efficiently.”
