UK & Ireland

Zinc Real Estate revises plans for Exeter’s Clarendon House PBSA

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Zinc Real Estate has revised its proposals to replace Clarendon House in Exeter with a three-block purpose-built student accommodation (PBSA) scheme, by removing six storeys from one of the proposed blocks.

University of Bath begins project to develop new student accommodation on Claverton Down campus

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The University is in the early stages of designing plans for new student accommodation for Claverton Down campus. The University’s Masterplan, which was carefully developed with a wide range of stakeholders, includes plans for increased provision of on-campus student accommodation to the east of our campus site and the University is exploring options.

Raer Group set to develop 146-bed Norwich PBSA

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Raer Group is set to develop a seven storey PBSA development on a former car park in Norwich city centre. The site – next to the Premier Inn in Duke Street – will soon be home to 146 flats as Norwich City Council approves updates to the plans.

Student accommodation project seeks innovative partner

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A groundbreaking student accommodation project is looking for a strategic partner to develop up to 200 purpose-built apartments. The Scottish Institute (The SI), Scotland’s only theatre school accredited by the Council of Dance, Drama and Musical Theatre (CDDT), is spearheading the landmark project in Livingston.

Firethorn Trust secures £29.95m Leumi UK financing for Edinburgh PBSA development

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Commercial real estate investor, developer and asset manager, Firethorn Trust, has secured a £29.95million debt package from Leumi UK to deliver its first purpose-built student accommodation (PBSA) scheme.

CDLHT to acquire first PBSA asset in the UK for GBP37.3 mil

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CDL Hospitality Trusts (CDLHT) says its wholly-owned subsidiaries, CDL HREIT Investments (IV) Property Limited and CDL HBT Investments (IV) Property Limited, have entered into an asset purchase agreement and completed the acquisition of freehold land comprising an operational purpose-built student accommodation (PBSA) asset in Liverpool.

Glasgow Charing Cross £250m revamp given go-ahead

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The £250m transformation of the Charing Cross area of Glasgow has been given the go-ahead. The project including new homes, student accommodation, hotel space and local services has been approved by Glasgow City Council.

UPP and Deutsche Bank announce new sustainability-linked funding

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UPP Group Holdings Limited (UPP), the leading provider of on-campus student accommodation infrastructure in the UK, has completed the financing of a new £110m sustainability-linked corporate revolving credit facility (RCF) with Deutsche Bank.

mys Living Completes Management Buy Out 

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mys Living, the first values-led rental living company led by Murdo Mcilhagger and David Mathewson has completed the management buyout of the business from abrdn.

Melburg & TPG secure £75.5m for Bristol’s first eco-PBSA scheme

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Melburg Capital and TPG Angelo Gordon have announced the completion of a £75.5m development facility with specialist real estate finance provider Maslow Capital, to bring forward their joint venture eco PBSA scheme in the heart of Bristol city centre.
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