Valpre Capital has announced the acquisition of a 244-bed Purpose-Built Student Accommodation (PBSA) consented site in Rockingham Street, Elephant and Castle.

UK living sector property developer, CKC Properties, will lead the project, located in the heart of London’s Zone 1 and just a two-minute walk from Elephant and Castle Underground Station and within 10 minutes of more than 30 higher education institutions.

Surrounded by some of London’s most-vibrant destinations – including Borough Market, Elephant Park, Southwark Playhouse, Mercato Metropolitano, and the Tate Modern – the location offers students immediate access to the capital’s best amenities.

Designed by architects, Maccreanor Lavington, the 24-storey landmark scheme will comprise 206 studios and 38 spacious ‘twodios’, many offering panoramic views over the City and Canary Wharf.

Residents will also have access to a fully-fitted reception area, student lounge, gym, and entertainment spaces, as well as laundry facilities and 215 bicycle parking spaces.

Completion is targeted for the summer of 2028.

Katch Investment Group is backing the project as an anchor equity partner, bringing both financial backing and strategic expertise to support the successful delivery.

Mazen AbouChakra, managing partner of Valpre Capital, said: “This is an exciting milestone for Valpre Capital as we expand our focus on delivering high-quality student accommodation in prime UK locations.

“We are delighted to partner with CKC Properties on this development as we grow our presence together in the UK PBSA market.

“We are also proud to have Katch Investment Group as an anchor equity partner; a well-established investor in the living sector across Europe and the UK.”

Geoff Thomas, founder and chief executive of CKC Properties, added: “We are passionate about creating developments that meet the evolving needs of students while seamlessly integrating with the local community and environment.”

Investment agency, Harris Associates; and Tuatara Real Estate provided advice on the transaction to Valpre Capital.