Summary:
- Asset Capital secured a £30m loan from Quantum Development Finance to fund a £46m GDV, 232-bed PBSA scheme in Durham, targeting completion in summer 2027.
- The Melbury Court development, constructed by Caddick Construction, will feature private living spaces alongside amenities including study rooms, a gym, games area, cinema, and private dining.
- The scheme aims for a BREEAM Excellent rating, addressing Durham’s challenging planning environment with Quantum providing a flexible funding solution to meet the university’s student accommodation demand.
Original article:
https://benews.co.uk/durham-student-accommodation-development-loan/
