What is the story about?
What's Happening?
HG Construction has been appointed by Firethorn Trust to deliver a £75 million purpose-built student accommodation project in Hackney Wick, East London. The development will feature 204 student bedrooms, with 35% designated as affordable units. The scheme includes co-working study areas, common rooms, a gym, and rooftop terraces. Additionally, it will provide 1,400 square meters of affordable workspace to support local creative industries. The site, formerly a piano factory, will retain its historic brick chimney. Construction is set to begin immediately, targeting completion for the 2027/28 academic year.
Why It's Important?
This project represents a significant investment in student housing, addressing the growing demand for affordable accommodation in London. It supports the local economy by providing workspace for creative industries and aims for a BREEAM Excellent rating, reflecting a commitment to sustainability. The development aligns with Firethorn Trust's strategy to expand high-quality student housing in key university cities, enhancing the area's appeal to students and contributing to urban regeneration.
What's Next?
Construction will commence immediately, with HG Construction focusing on maximizing social value during the build. The project is expected to be completed by the 2027/28 academic year, providing new housing options for students attending nearby universities. Firethorn Trust continues to expand its portfolio, with additional projects underway in Stratford and Edinburgh.
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