Harris Associates has recently launched the ViBe Kingston purpose-built student accommodation (PBSA) development, located in the vibrant heart of Kingston, South West London. This project not only benefits from a noteworthy occupancy record but also demonstrates exceptional environmental, social, and governance (ESG) credentials, alongside superb transport connectivity. ViBe Kingston proudly maintains an impressive average occupancy rate of 97%, positioning it as a premier destination for students in a sub-market characterised by a constrained development pipeline.
The Details of ViBe Kingston
The ViBe Kingston scheme encompasses a varied unit mix of 300 bedrooms, of which 63% (189) are en-suite rooms, while 37% (111) are studio apartments. Notably, the property operates without any affordable housing requirement or nominations agreement, allowing for direct letting and complete control over revenue generation.
Outstanding Asset Ratings
This development features a dual stair-core asset structure, boasting a B1 EWS1 rating, an Energy Performance Certificate (EPC) rating of A, and has achieved a BREEAM Excellent rating. Such credentials underscore the development’s commitment to sustainability and quality in the growing UK PBSA market.
Strategic Location and Market Demand
Situated in one of London’s most robust student sub-markets, ViBe Kingston is conveniently within walking distance of Kingston University, whilst being exceptionally well-connected to several other leading universities in the capital. Kingston itself is experiencing a significant supply and demand imbalance, exacerbated by a limited pipeline of new PBSA developments, which positions ViBe Kingston as a vital resource for students and a lucrative opportunity for investors.