Finance provider Maslow Capital has provided a £29 million loan for the delivery of a 189-bed student accommodation scheme in Oxford.
The scheme will offer premium student living with a range of best-in-class amenities, including a games room, cinema, co-working spaces, gym, and private dining area.
It is being delivered by Prima, Real Living and Cantay Estates, while Torsion Construction has been appointed as main contractor.
Sky Mapson, senior director, origination for Maslow Capital, said: “This transaction is a great example of what we look for when deploying capital into the PBSA (purpose-built student accommodation) sector – strong fundamentals, experienced counterparties and a location where demand materially outstrips supply.
“It has been a pleasure to support Prima, Real Living and Cantay Estates on this opportunity, and we look forward to watching this scheme progress.”
Rachael Gordon, head of deal execution (UK & Europe) for Maslow, said: “This transaction adds to a growing list of student accommodation projects we have funded and reflects our ongoing commitment to tackling the structural undersupply of purpose-built student housing across key UK and European university cities.
With a strong pipeline and deep sector expertise, we remain focused on supporting the delivery of best-in-class living sector assets.”
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