Summary:
- Cynergy Bank has provided a £15.1 million senior debt facility to Student Lux Limited to fund The Sanctum, a 180-room purpose-built student accommodation development on a brownfield site next to the University of Kent campus in Canterbury, addressing strong local demand amid limited new supply.
- The financing deal includes a stabilisation tail and occupancy-linked pricing, supporting Student Lux Limited’s wider investment strategy in Canterbury, with profits from The Sanctum earmarked for future development phases.
- This transaction follows the August 2026 merger of the University of Kent and University of Greenwich, forming the London and South East University Group, marking a strategic moment for regional higher education and underscoring the importance of modern student accommodation in the area.
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