Summary:
- MCR Property Group secured a £35.5 million loan from Atelier to convert a former office building in Glasgow into a 288-bed purpose-built student accommodation (PBSA) scheme, including studios, cluster rooms, and communal amenities.
- The 16-month development will deliver facilities such as an on-site cinema, gym, and shared study and social spaces, enhancing the student living experience near multiple university campuses.
- Flow Student, MCR’s dedicated PBSA operator, will manage the scheme upon completion, supporting MCR’s strategy to expand its student accommodation portfolio in a market where demand exceeds supply.
Original article:
https://benews.co.uk/glasgow-student-accommodation-atelier-loan/
