Shawbrook provides unique funding for purpose-built student accommodation in Durham Jun 26, 2023 Three Tuns Development Ltd, a joint venture between two professional property developers Simon Williams and Andrew Ward, has secured funding on a large semi commercial asset, with backing from Shawbrook. In 2016, Three Tuns Development Ltd acquired a former hotel and a parade of adjoining retail units in Durham city centre. Since then, the existing […] Posted by: Mya Driver Read more
£105m loan secured for Scape Living Hammersmith student scheme Jan 24, 2024 A £105 million loan to fund the development of a student accommodation project by Scape Living in Hammersmith, West London, from NatWest and Virgin Money, has been secured Dominus Group have also backed the project by way of a forward funding agreement to Scape Living. During the three year deal, Virgin Money and NatWest will […] Posted by: Mya Driver Read more
£16 Million Refurbishment Loan Boosts London Student Housing Project Mar 1, 2024 Fiduciam has recently finalised a £16 million financing deal aimed at transforming a London property into desirable student accommodation. This funding arrangement combines acquisition and refurbishment financing, enabling significant upgrades before the property is occupied by university students. A seasoned real estate investment group, known for revitalising underperforming assets, is at the helm of this […] Posted by: Mya Driver Read more
£200M Student JV launched! Mar 24, 2023 Singapore-based private equity investment firm Q Investment Partners (QIP) and integrated property group Soilbuild have announced a £200 million platform to invest in purpose-built student accommodation in the UK. QIP and Soilbuild have capitalised and underwritten the build-to-core platform, which could potentially be scaled up to GBP400 million. The joint venture partners seek to syndicate […] Posted by: Mya Driver Read more
£23m Arcadian Student Complex Enhances Nottingham’s Student Living Dec 11, 2023 The Arcadian, a new £23m student accommodation project under construction in Nottingham’s city centre, is now part of an innovative student housing portfolio. EVO Student, the newest venture by Homes for Students, a prominent provider of purpose-built student accommodation (PBSA), has incorporated the Arcadian into its collection. Urbium Capital, the developer behind the Arcadian, plans […] Posted by: Mya Driver Read more
£300m development portfolio – Aitch Group diversify in challenging market with new land sought Apr 24, 2023 In 2022, property developer Aitch Group spend £70 million on land across four London boroughs including Brent, Waltham Forest, Greenwich and Southwark. This added a further £300 million (GDV) to the Aitch Group development portfolio. With immediate funds available, Aitch Group are now seeking more land for development in 2023 and onwards – specifically sites […] Posted by: Mya Driver Read more
£65 million forward funding secured for Manchester student asset Jan 29, 2024 McLaren Property has secured a £65 million forward funding deal, alongside Barings for a student property in Manchester. The deal will help fund the development of St Gabriel’s Hall, a part-new-build student accommodation space. St Gabriel’s Hall has already secured planning permission for 319 rooms, totalling 104,259 sq ft, with an extra 5,005 sq ft […] Posted by: Mya Driver Read more
£90 Million Student Accommodation Portfolio Hits the Market Across Four UK Cities Mar 1, 2024 Beachrock has announced its role in orchestrating the sale of a purpose-built student accommodation (PBSA) portfolio valued at £90 million, offering 1,494 student bed spaces across prime university cities in the UK. Each individual bed space in the collection is valued at £60,000, presenting an attractive proposition for investors. The portfolio encompasses seven assets situated […] Posted by: Mya Driver Read more
11-PBSA units totalling 4,500 beds sold in £306m deal Mar 8, 2022 Unite Students has disposed of an 11-strong property portfolio – comprising 4,488 beds – for £306m, with the company’s share sitting at £236m. The deal – struck with an affiliate of Lone Star Funds – includes assets in Sheffield (1,700 beds), Reading (703 beds), Leicester (665 beds), Bedford (517 beds), Liverpool (390 beds), Birmingham (337 beds), […] Posted by: Mya Driver Read more
3000 student Wembley plans approved Aug 4, 2023 Wilkinson Eyre Architects’ design for a new campus for the College of North West London has received approval from Brent Council. The proposed £130m, eight-story development will be located at the site of the Olympic Office Centre, near Wembley Stadium. The final decision now lies with the Greater London Authority. The new campus will span […] Posted by: Mya Driver Read more
Aitch group announces strategic partnership with YourTRIBE as developer expands their portfolio into PBSA sector with over 3,500 student beds planned Oct 17, 2023 Aitch Group is pleased to announce a strategic partnership with YourTRIBE, who are raising the bar by setting a new benchmark for the PBSA industry. The move marks significant growth for Aitch Group as they join forces with YourTRIBE to redefine the student living experience by creating more than a place to stay; it’s an […] Posted by: Mya Driver Read more
Aldermore providers £15m loan Pickard Properties for PBSA project Jan 10, 2022 Aldermore Bank has provided Carlton Hill Holdings Limited, a subsidiary of the Pickard Properties Group, with a £15.3m loan which will be used to refinance an existing loan and to raise additional capital, to assist in the development of a large student accommodation block in Leeds. The loan is made up of a ten-year, part […] Posted by: Mya Driver Read more
