Summary:
- Paragon Bank provided a loan to refinance and support the ongoing development of Peppermill Court, a £34.7m PBSA project in York led by HACS Construction, with completion expected in summer 2024.
- The development addresses York’s well-documented student accommodation shortage, offering 239 ensuite rooms across two blocks primarily serving York St John University and the University of York.
- Sustainability features include PV panels, triple-glazing, high insulation, and wildlife boxes, aligning with Paragon’s strategy to expand its PBSA development finance portfolio.
Original article:
https://www.placeyorkshire.co.uk/asset-capital-secures-23m-funding-to-progress-239-bed-york-pbsa/
