Summary:
- Downing Property Finance has secured three PBSA development loans totalling approximately £47.5m across Glasgow, Bristol, and Manchester, reinforcing its growth strategy in the student accommodation sector.
- The £12m Glasgow loan supports a city centre conversion for postgraduate University of Glasgow students, marking Downing as one of few lenders operating on equal terms in Scotland and England.
- In Bristol and Manchester, Downing provided £25m and £10.5m loans respectively, with Bristol’s funding addressing Building Safety Act complexities and Manchester’s deal covering 95% of development costs for 76 studios targeting the 2027 university intake.
Original article:
