Derwent Wins Approval for 417-Room Student Building in London

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Derwent London Plc won planning permission for a 417-room student housing project in the capital as a shortage of accommodation prompts developers to expand.

The Tower Hamlets borough in east London approved the construction of a 19-story student building and an office block with 26,500 square feet (2,500 square meters) of space, Derwent said in an e-mailed statement today.