41061 Unite AR22 HI-RES WEB-READY - Flipbook - Page 57
STRATEGIC REPORT
GOVERNANCE
FINANCIAL STATEMENTS
OTHER INFORMATION
CASE STUDY
HAYLOFT POINT
A major investment
in a prime location
London is an area of key strategic importance for
Unite. The capital is the UK’s largest student market,
and suffers from a shortage of purpose-built student
accommodation.
Hayloft Point, costing £187 million, is our newest
flagship property located in the heart of central London.
The development reached practical completion in
September 2022, and was fully let in its first year.
The 24-storey, 29,000 square feet development in
Aldgate contains 920 beds and offers proximity to
prestigious university campuses. The building boasts
facilities including a cinema, karaoke rooms, gyms and
study spaces.
As part of our commitment to being an active part
of our communities, we partnered with youth
intervention charity, Streets of Growth. The charity is
utilising two floors of the building to offer production,
filmmaking and textile activities to young people.
Hayloft Point is built on the location of a sixteenth
century playhouse, so we worked closely with the
Museum of London Archaeology (MOLA) to ensure
findings of national significance were preserved within
the footprint of the development.
Due to strong university relationships, Unite is well
placed to operate in London, and our development
team has extensive experience navigating the complex
planning environment in the city. We have entered into
a five-year nomination agreement at Hayloft Point with
King’s College London, covering just over 67% of beds
in the building.
Following the development of Hayloft Point, we
are now the capital’s largest owner, manager, and
developer of purpose-built student accommodation,
with over 11,500 beds across the city and 2,400 more
beds in our development pipeline.
For more about this project, go online to:
unitegroup.com/sustainability/positive-impact
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