Wood Lane Studios, specialist postgraduate accommodation on the Imperial West site in White City, has received a £65 million development and long-term investment funding package from Santander Corporate Banking.
The 19,500 sqm, 606 self-contained studios building which opened in September, is owned and developed by Voreda Real Estate Fund – a boutique London-based real estate developer and investor – and Imperial College.
The BREEAM Excellent building has been designed to meet the specific requirements of London’s postgraduate population, and provides a hotel concierge style service. The building forms part of the 1,330 unit GradPad London student accommodation portfolio catering exclusively to London-wide postgraduate students.
Facilities include 24 hour security and concierge, 30mpbs hardwired broadband & site wide wi-fi, as well as a gym, and other communal facilities.
Steven Dykes, Partner at Voreda, said; “We have worked closely with the Santander team over the last two and a half years on this project, they understood from the outset the ethos of the high quality product we were looking to create and we are all extremely happy with the completed building which has now welcomed its first residents.”
John Anderson, Imperial West Project Director, said; “Wood Lane Studios is a significant milestone in our strategy to deliver high quality and well managed accommodation for postgraduate students. Working with our partners at Voreda and Santander, we have delivered what we believe to be one of the finest buildings of its type in London. This will cement our position as a world-leading institution for scientific research and education by providing our postgraduate community not just with the very best in education but also accommodation to match. I believe that as the first phase of our Imperial West project, this development represents an important investment in the future of Imperial College and White City.”