KKR has agreed to forward fund Progress House, a 544-bed purpose-built student accommodation development near the University of Warwick, marking its latest strategic investment in the UK living sector.

The project is being delivered in partnership with Inhabeo, KKR Real Estate’s European living platform, alongside PBSA developer Gilltown and general contractor Winvic. Located on the site of a former office building, the six-storey scheme will provide modern residential facilities for students, complemented by a 4,000 sq ft ground floor commercial unit serving both residents and the wider community.

The development will offer a wide range of amenities including a gym, fitness studio, cinema, games lounge, dinner party room, study spaces, and a garden lounge. External features include a sports area and a petanque court. Construction is scheduled for completion in summer 2027, ahead of the academic year.

“We’re pleased to grow our student housing portfolio with Inhabeo by investing in this strategically located development scheme,” said Seb d’Avanzo, Managing Director and Head of Real Estate Acquisitions for KKR in Europe. “This investment underscores the strength of our conviction in providing high-quality living spaces in undersupplied markets that enjoy resilient demand from top universities.”

Ross Netherway, Chief Executive of Inhabeo, added: “We’re delighted to add to our European living sector investments alongside KKR through this off-market transaction. Gilltown and Winvic have proven track records and we look forward to delivering this development with them.”

This latest project expands KKR’s footprint in the UK’s student housing sector following the completion of an 819-bed scheme in Bristol last year.

Source: Insider Media

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