Hub and Bridges form JV with HGP to deliver Edinburgh student scheme

Hub and Bridges Fund Management have formed a joint venture with HGP to deliver a £120m GDV student living scheme in Leith, Edinburgh. The JV will bring forward and facilitate the operations of the 604-bed Shore Station, with lender BGO providing a circa £79m development loan. Estates Gazette had revealed Hub was in talks with HGP for the project in October 2024. McAleer & Rushe has been appointed to begin the next stage of construction, with completion targeted ahead of 2027/28 academic year. Shore Station will include study rooms and collaboration spaces, a lounge, relaxation room, courtyards, herb garden, cinema, gym and cycle storage spaces. Damien Sharkey, managing director at Hub, said: “Edinburgh stands out as one of the top student cities globally and there is a significant demand for additional housing for its student population, especially of the high standard that this project promises. HGP’s expertise and strategic vision perfectly complement our track record of creating excellent sustainable living spaces in well-connected areas, so we are proud to be partners on this unique project that builds on the fascinating history of Edinburgh’s coolest quarter.” Simon Ringer, head of Bridges Property Funds, said: “Across the UK, there’s a significant under-supply of purpose-built student accommodation. In Edinburgh alone, there are more than three students for every available bed. As such, there is a pressing need for high-quality schemes like Shore Station. As with every Bridges and Hub development, we will be targeting the highest possible sustainability standards, while also supporting the wellbeing on residents through well-designed amenities and green spaces. We’re excited to see Shore Station come to life over the next couple of years.” Colin Bennett, investment director at HGP, said: “We are delighted to continue our support of the UK Living sector through our first joint venture with Hub and Bridges. The JV will deliver an iconic and sustainable scheme for Edinburgh’s student population, in what is a critically undersupplied market. We are excited to be working with our new partners. Their focus on heritage, sustainability and social impact aligns with HGP’s ethos, and we look forward to collaborating on such a prominent development.” Image © Secchi Smith/Hub