Summary:
- Aviva Investors has completed the provision of a green loan towards the construction of a 283-unit purpose-built student accommodation scheme in Elephant & Castle, London, which is being brought forward by Fabrix and Patrizia.
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The facility, which is aligned to the Loan Market Association’s (‘LMA’) Green Loan Principles, has been made by the Aviva Investors Multi Sector Private Debt Long Term Asset Fund (‘LTAF’) and is the first investment into the PBSA market made by the fund since its launch.
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The scheme, situated on Walworth Road, is the first project in the joint venture between Fabrix and Patrizia, which is focused on delivering sustainable, affordable and alternative housing across London by repurposing underused urban land and buildings.
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