Atelier Supports 196-Unit PBSA Project Through Construction and Refinancing

Summary:

  • Atelier provided a £26.2 million development loan to refinance a 196-studio PBSA project near the University of Warwick, supporting construction, completion, and a timely build programme.
  • The joint venture between Zenzic and Torsion, developed by Torsion and managed by LUNA, achieved full occupancy shortly after opening, featuring amenities such as a gym, private dining room, and rooftop terrace.
  • The refinancing marks a successful transition from development finance to long-term investment, underscoring effective collaboration between funding and delivery teams in the PBSA sector.

Original article:

https://www.propertyreporter.co.uk/case-studies/case-study-atelier-backs-196-studio-pbsa-through-construction-and-refinancing.html

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