Summary:
- Development finance lender Atelier has completed a £21.7m loan to fund the development of a purpose-built student accommodation block in Birmingham with more than 200 beds.
- The funding has been provided to Study Inn Group, an established developer and operator of serviced student accommodation. This latest 203-bed scheme in Edgbaston is the group’s 18th project and will be completed by its in-house development arm for the academic year beginning in September 2027.
- Marcus Hook, group finance director at Study Inn, said: “This was our first transaction with the Atelier team and we were impressed by their highly competitive terms, proactive approach and clear communication throughout.
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