The group has also exchanged an option agreement with the joint venture, conditional on gaining full planning, for a fifth purpose-built scheme in Bristol.
Under the deal Watkin Jones will be retained as contractor to build out the schemes.
It is the first student housing deal for KKR and Round Hill, which own student halls in Spain and the Netherlands.
The buildings will be managed by Nido Student, Round Hill’s established operational platform and brand for European student accommodation.
The portfolio consists of 2,163 student beds and associated facilities. Four of the schemes have planning consent granted with Bristol in the planning process.
Kyle Street, Glasgow: 401 beds – September 2019
Albion Way, London: 283 beds – September 2020
Forest Road, London: 353 beds – September 2020
Whitefriars Lane, Coventry: 778 beds – September 2020
Wilder Street, Bristol: 348 beds – September 2021