Valpre Capital Acquires Landmark Student Accommodation Site in Elephant and Castle
Valpre Capital announced the acquisition of a prime 244-bed Purpose-Built Student Accommodation (PBSA) consented site on Rockingham Street, Elephant and Castle. CKC Properties Ltd, a leading UK living-sector property developer, will lead the development of the project.
Located in the heart of London’s Zone 1, the site boasts exceptional connectivity – 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 renowned architects Maccreanor Lavington, the 24-storey landmark scheme will comprise 206 high quality studios and 38 spacious twodios, many offering panoramic views over the City and Canary Wharf. Residents will enjoy a full suite of premium amenities, including fully fitted reception area, student lounge, gym and entertainment spaces, laundry facilities, and 215 bicycle parking spaces. Completion is targeted for Q2 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 of the development. The firm’s involvement underscores its ongoing commitment to investing in the living sector, working alongside trusted partners to help shape the cities of the future.
Mazen AbouChakra, Managing Partner of Valpre Capital, commented, ‘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.
It was a pleasure working with the seller’s team led by Marc Foster from Melrose Capital, who facilitated the transaction together with his experienced development partner, Alumno.’
Geoff Thomas, Founder & CEO of CKC Properties, commented, ‘We are very happy to partner with Valpre Capital on this landmark project. At CKC Properties, we are passionate about creating developments that meet the evolving needs of students while seamlessly integrating with the local community and environment.’
Marc Foster, Melrose Capital, commented, ‘It was a great pleasure working with Valpre Capital and CKC Properties to get this transaction across the line. Melrose Capital continue to invest in the PBSA sector and work with best-in-class development partners. Special thanks to David Campbell and the team at Alumno for their time and efforts on this project.’
David Campbell, Founder of Alumno, commented, ‘We are glad to have transacted with Valpre Capital and CKC Properties on this best-in-class development. Thanks to Melrose Capital for the constant support throughout the transaction.’
Harris Associates, the UK’s innovative investment agency, together with Tuatara Real Estate provided advice on the transaction to Valpre Capital.
The UK PBSA sector remains one of the best-performing real estate asset classes on a risk-adjusted basis, drawing strong interest from private equity and institutional investors. The Roc Club is positioned to deliver strong, long-term returns over its projected development programme.
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Andrew Stanton Founder & Editor of 'PROPTECH-X' where his insights, connections, analysis and commentary on proptech and real estate are based on writing 1.3M words annually. Plus meeting 1,000 Proptech founders, critiquing 400 decks and having had 130 clients as CEO of 'PROPTECH-PR', a consultancy for Proptech founders seeking growth and exit strategies. He also acts as an advisory for major global real estate companies on sales, acquisitions, market positioning & operations. With 200K followers & readers, he is the 'Proptech Realestate Influencer.'
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