Fiera Real Estate Debt Strategies has completed a £77 million senior investment loan to refinance two newly developed student accommodation projects in South East London. The loan supports YourTRIBE Student Housing’s 250-bed scheme in South Bermondsey and a 267-bed scheme in Peckham, both equipped with amenities such as a gym, roof terrace, and study areas.

These properties, managed by Project Student, are accessible to 12 universities including Goldsmiths University, University College London, King’s College London, and the London School of Economics. Both sites have achieved BREEAM Excellent certification and incorporate Utopi smart sensors to monitor energy consumption for better efficiency.

James Rogers, investment director at YourTRIBE, stated, “Partnering with Fiera Real Estate Debt Strategies underscores our commitment to providing top-tier student accommodation in London. These newly refinanced assets not only meet the pressing demand for quality housing but also exemplify our dedication to enhancing student living experiences through innovation, sustainability, and community engagement.”

Of the available accommodation, 35% is designated as affordable, with the remaining rooms already leased for the 2024/25 academic year.

Richard Howe, co-head of Fiera’s European Real Estate Debt business, commented, “Since launching both our inaugural fund and SMA mandate 12 months ago, we have committed over £200 million into the UK and Iberian markets. Notably, more than 50% of this capital has been allocated to the student accommodation sector, highlighting our conviction to this asset class.”