Aldermore increases student accommodation developer’s facility to £58.5m
With the facility, the group will refinance its recently developed student accommodation projects which will add 170 new bedrooms in city locations, adding to their extensive portfolio. This new deal brings Aldermore’s total lending with Kexgill to £58.
Puma’s ILF registers significant loans involving PBSA schemes
Puma Property Finance (Puma) has announced that, in its first year, its impact lending framework (ILF) registered £145m of development loans targeting qualification under the scheme. In 2024, Puma provided seven loans totaling £145m that are targeting ILF certification.
Douglas & Gordon and Hilltop Capital form JV
Douglas & Gordon and Hilltop Capital Partners have announced a strategic joint venture to provide fast and flexible bridging finance tailored specifically to property developers and investors across the UK. The joint venture aims to deploy more than £200m over the next 18 months.
Plans for 112 student flats in Edinburgh pass the final hurdle with Leith warehouse...
Pulsar Property had its plans for 27 Arthur Street approved last summer, and has now received Conservation Area Consent for demolition of the existing...
Investec provides £86.5m for PBSA portfolio refinancing
Investec Bank plc has provided Global Student Accommodation (GSA) with a £86.5m refinancing loan secured against a portfolio of five stabilised PBSA assets in England.
NSTS to open PBSA student residence in Malta
Malta-based ELT provider NSTS has announced the opening of a dedicated purpose-built student accommodation residence.
The NSTS 60 residence is due to open later this year located in Sliema, providing easy access to the area’s rocky beaches, restaurants and shops.
StepHouse officially launch dynamic plans for Spain PBSA assets
StepHouse, the purpose-built student accommodation (PBSA) brand managed by the leading international alternative investment management platform, Azora, unveiled its new brand identity through a series of exclusive events across its residences.
Gilbane Development Company and CBRE Investment Management Announce New Purpose-Built Student Housing Project in...
Gilbane Development Company and CBRE Investment Management are excited to announce the successful financial closing of Zaya, a top-tier student housing project situated near the University of Florida in Gainesville.
Virginia Tech Board of Visitors’ decision on Student Life Village could reshape student housing...
In 2022, the board approved plans for the Student Life Village, which aims to provide more than 1,700 beds for students. However, during Tuesday’s meeting, the board will decide whether to cancel the Student Life Village project and instead focus on renovating Slusher Hall.
Blueprint: Jadian’s $2bn raise, Swiss Life’s new property chief, Hines’ Europe expansion and more
A $2 billion fundraising blowout by up-and-coming fund manager Jadian Capital tops the real estate headlines this week, and PERE has all the details.