Summary:
- Secure Trust Bank Real Estate Finance has provided a £44.3 million loan to refinance three purpose-built student accommodation sites in Glasgow, Sheffield, and Leeds, developed or refurbished by Urbanite and backed by Prescient Capital.
- The portfolio includes two high-spec new builds, Clyde Court in Glasgow and Electric Press in Sheffield, alongside The Leatherworks in Leeds, a listed building with a gated, campus-style design aimed at fostering community among students.
- The refinancing deal was facilitated by Clive Offord of Cofford & Co Property Finance, with Secure Trust Bank chosen for its competitive pricing and proven track record in the northern UK PBSA market, supporting Prescient Capital’s strategy to stabilise the assets ahead of long-term planning.
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