-‎Wire-

Rhize Capital (“Rhize”), the leading specialist debt funding platform for European student housing markets, is pleased to announce the completion of a €100m loan facility for two student housing schemes in Milan, Italy.

Student Roost, one of the UK’s largest purpose-built student accommodation providers, and McLaren Property, market leaders in residential and student property development, have agreed a forward funding deal of c£180 million for three new student accommodation schemes.

Cain International has provided a €74 million construction loan to Vita Group and Metrovacesca for the development of Vita Group’s flagship 585-bed Vita Student purpose-built student accommodation scheme in Madrid, Spain.

Developer Blue Vista and its partner Bain Capital Real Estate extended their financial runway on a student housing asset near the University of Chicago by snagging a debt package, without throwing more cash into the property.

Cardinal Group, a real estate company based in Denver, Colo., has purchased student housing community Midtown Stillwater, located at 801 W 4th Ave. in Stillwater, Okla., for an undisclosed price. The 221-unit, 823-bed property is situated steps away from Oklahoma State University’s Student Union.

Property development company Telford Homes has received unanimous revised resolution to grant planning consent for the 4.82-acre Sainsbury’s site in Ilford.

Developer McLaren Property and specialist science and technology developer Kadans Science Partner have been granted a resolution to approve full planning permission from Manchester City Council for the Upper Brook Street development in Ardwick, Manchester.

Student housing at the University of Mississippi will soon increase by almost 1,000 beds through a $245 million bond issue approved by the Board of Trustees of the Mississippi Institutions of Higher Learning during the Board’s regular meeting last Thursday.

Property development company S Harrison has agreed a forward funding deal with Singapore-headquartered Q Investment Partners (QIP) to deliver two major new purpose-built student accommodation (PBSA) schemes in Edinburgh.

Plans have been lodged for a student accommodation development on Melbourne’s 225 King Street that will reuse and double in height the existing office building. The project would offer 409 studio rooms plus 11 two-bedroom student residences.