Student accommodation provider Unite has signed a 15-year lease agreement with King’s College London for the majority of its latest development.
The lease is for 97% of the university’s Moonraker Point accommodation, a 674-bedroom development based in central London.
Moonraker Point is part of Unite’s £165 million investment in Southwark and the group’s fifth development in the borough. Students will move into the new development at the start of the 2012-13 academic year.
The group said the deal is indicative of a wider trend of high quality student accommodation being recognised as an important element of the student experience.
Richard Simpson, Unite’s chief executive, said: “We are proud to add King’s as our newest partner.
“Our flexible operating model enables us to fit alongside universities’ existing accommodation arrangements and we look forward to working with King’s College London to provide their students with a home that enhances their overall student experience.”