Summary:
- A Dubai-based developer has secured a £238m loan to build a purpose-built student accommodation (PBSA) scheme in Southwark, south London.
- Arada London, in a joint venture with Shaw Corporation, has secured the multimillion-pound development finance facility from Maslow Capital.
- The facility will fund the development of Devonshire Place, a PBSA scheme comprising 941 student beds with 200 affordable homes.
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