Landmark Properties acquires land for 225-home scheme near Euston as it eyes UK expansion
The largest student housing developer in the US has announced its first land acquisition in the United Kingdom.
Landmark Properties, which has an annual turnover of nearly $300m (£224m) has acquired land for a student housing scheme in central London.
The company will deliver a 225-bed student accommodation scheme at William Road, which is close to Euston station and Regents Park.
Landmark, which is based in Athens, Georgia, said the deal marks the first of several schemes it has been working on securing in the UK in recent months and it currently has plans for 3,000 beds.
It said its UK strategy is “focused on delivering differentiated student housing product in prime regional university cities and super-prime central London locations.”
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Landmark has partnered with Centurion Corporation, a UK-based student housing provider, on the scheme.
“Closing our first development deal in the UK represents a huge milestone for Landmark,” said Wes Rogers, chairman and CEO of Landmark Properties. “We’re excited to bring much needed high-quality PBSA to the UK.”
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