Fusion Group and Cheyne Capital have agreed to acquire a portion of Art-Invest Real Estate’s Dockside Canada Water site in Southwark, London, to deliver a large purpose-built student accommodation (PBSA) scheme valued at around £350 million.

The acquisition covers a plot within the mixed-use Dockside Canada Water development previously owned by Art-Invest Real Estate. Fusion and Cheyne plan to use the site for a student-led residential scheme, targeting approximately 742 student beds alongside additional residential units, including affordable homes.

The Dockside student accommodation project aligns with Fusion and Cheyne’s ongoing strategy of investing in high-quality, well-located student housing in London, complementing their other PBSA developments such as those at Brent Cross Town.

Canada Water Dockside is being developed as a new commercial and mixed-use hub, combining office, residential, and amenity spaces around the waterfront with a focus on sustainability and modern workplace design. The student scheme will form a key part of the residential offering within the wider Dockside masterplan, which already benefits from detailed planning approval for substantial office and mixed-use floorspace.

Fusion Group, Cheyne Capital, and Art-Invest Real Estate will all be attending UKREiiF 2026, reflecting their continued commitment to engaging with industry peers and showcasing major investment opportunities in the UK real estate sector.