Asset type	Greenfield
Location	London, UK
Capacity	700 PBSA rooms
GBA	1.3 acres
Buyer	Aitch Group (YourTRIBE)
Seller	National Grid

Project visualisation

Source: Aitch Group

The proposed development at Millennium Way will deliver a combined PBSA and co-living scheme, featuring around 700 student rooms alongside 400 co-living units.

The plans incorporate a strong affordability component, with 35% of the PBSA units subject to rent caps aligned with the Mayor of London’s criteria. In addition, 10% of the accommodation will be designed to meet wheelchair accessibility standards or be readily adaptable to do so.

Strategic context

The asset will operated by YourTRIBE. Its operational portfolio currently comprises four PBSA assets, all located in London, with a total of 826 beds.

The platform also has a strong development pipeline, set to more than triple capacity by 2027. This includes the opening of YourTRIBE Walthamstow in January 2027, followed by three additional schemes later that year: YourTRIBE Greenwich Dockside, YourTRIBE Wembley, and YourTRIBE Surrey Quays. Upon completion, the portfolio is expected to reach a total of 2,751 beds.

Aitch Group was advised by Savills, while National Grid was advised by Cushman & Wakefield.