The 462-unit tower will be operated by Outpost Management under its Enclave brand, after agreeing a £105m funding deal.

It is the third asset to be acquired by the firm’s joint venture with BlackRock Private Markets, through its Real Estate business.

Tide is delivering the project using its offsite manufacturing arm, Vision.

John Fleming, Chairman of Tide and Vision, said: “The Castle is the second co-living scheme developed by Tide and purchased by Outpost Management, showing how volumetric construction is driving innovation in this asset class.

“We look forward to supporting our longstanding partner Outpost Management on its JV with BlackRock by delivering The Castle.

“This deal demonstrates the confidence in our volumetric product to deliver high-quality homes and cultivate new communities.”

The project will be completed in just 18 months, including preparation works and the delivery of a two-level basement.

Site preparing is presently underway with the first modules to be erected at the site in the early Summer.

As well as co-living apartments, the building will provide 18,000 sq ft of amenity space across five floors, including a spa, lounge areas, private dining and co-working spaces, a library, bespoke gym, cinema and games rooms.

Residents will also be able to enjoy a landscaped roof terrace on the 32^nd floor, giving extensive views across London.

In addition, the scheme will feature a new 3,500 sq ft public house, replacing the previous pub, The Castle, which dates to the 1930s but has remained vacant since 2020.