Two office towers providing 180,000 square feet of accommodation were built for NatWest Bank at 200 Pentonville Road in the early 1970’s. By the time of NatWest’s acquisition by RBS in March 2000, the buildings were obsolete and surplus to the group’s occupational requirements.
Generation Estates identified the potential of the site for a major mixed use scheme which could be anchored by student housing. The site had already been identified by the London Borough of Islington as being of strategic importance in terms of the broader regeneration objectives for the Kings Cross area.
After devising our scheme, Generation Estates secured financial backing for the project by formation of a joint venture with The Blackstone Group.
The planning consent that was obtained enabled the existing towers to be stripped back to their frame and reset into a new five storey podium base along Pentonville Road, Killick Street and Calshot Street
The Blackstone Group and Generation Estates delivered the construction project and created new student living offer for London that was named NIDO.
Blackstone and Generation Estates then launched the brand with an international marketing programme embracing educators and student fairs worldwide.
Originally named Nido Kings Cross, the project become internationally well known as the first high quality international student destination in London servicing both long stay and short stay graduate and post graduate students.
200 Pentonville Road provides the following accommodation:
846 Student residential units accommodating 1045 students together with ancillary gymnasium, cafe, laundry, common rooms and cycle store.
48 Private residential apartments.
14 Affordable housing units for Southern Housing Group.
12,820 square feet of new retail accommodation.
9,300 square feet of Outreach accommodation for leased to Islington Voluntary Action Council.
9,669 square feet of new Class D1 accommodation leased to Malvern House International Ltd.
Student Accomodation Real Estate Specialists