Urbanest has gained consent for a mixed-use scheme in the City of London which blends student accommodation, offices, incubator space and exhibition space.
The scheme on Vine Street, EC3, which has a GDV of more than £200m, will provide 643 student homes and office space for King’s College London.
A new exhibition space, offering public access to a preserved section of London’s original Roman wall, has also been created in partnership with the Museum of London, alongside 75,000 sq ft of offices and 10,000 sq ft of incubator space for start-ups.
Designed by Hopkins Architects, the scheme will be Urbanest’s seventh in central London.
The student housing developer will work closely with KCL on the development and it will include innovation space for the university’s London Entrepreneurship Institute. The university will use it to nurture new businesses, while the office space has been designed to cater for SMEs.
Separately, King’s College London has agreed terms on a long-term basis across the student accommodation, which offers different room types and price points.
Urbanest currently houses 2,520 students across five sites in Zone One, with operational buildings in King’s Cross, Tower Bridge, Hoxton, St Pancras and Westminster Bridge.
Construction is under way at its sixth project in Vauxhall, a 32-storey, 454-bedroom development, which is due for completion in summer 2018.
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