Summary:
- Maslow Capital has secured £116.6 million in development finance for a 609-bed student accommodation project in Wembley, marking its second deal with developer YourTRIBE and bringing its total funding for three London schemes to £230.6 million across 1,247 units.
- Construction has started on the Wembley site following Gateway 2 approval under the Building Safety Act, with HG Construction appointed as main contractor and completion expected by summer 2028; the development will include extensive amenity spaces and 12,275 sq ft of commercial area.
- The transaction highlights sustained lender interest in London’s purpose-built student accommodation sector despite regulatory challenges and rising costs, underscoring the need for structured funding aligned with Building Safety Act requirements for tall residential buildings.
Original article:
https://www.propertywire.com/news/uk/maslow-capital-provides-116-6m-for-wembley-student-scheme/
