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YourTRIBE secures £116.6m Maslow loan for Wembley PBSA scheme
The loan is the second financing Maslow has arranged for YourTRIBE, following a £114m deal to fund schemes in Walthamstow and Greenwich.
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Student accommodation
Abode seeks investors for two £80m PBSA schemes
The company is seeking investors to back its Leatherworks development in Nottingham and Wireworks scheme in Birmingham.
Fusion Group pays tribute as co-founder Nigel Henry dies
In a statement, the group said that Henry, who passed away on Saturday, “was a leader in every aspect of his life”.
Tokoro and GCM Grosvenor form £200m student accommodation JV
The partnership will target HMOs as well as purpose-built assets and aims to provide more affordable rents than “traditional, highly amenitised PBSA”.
HIG Capital JV wins £80m Affinius loan to refinance two PBSA assets
In the debut loan for its new European debt platform, the lender refinanced Fabric Works in Leeds and the Sail Works development in Lancaster.
Zenzic and Torsion agree £63m refinancing on three PBSA assets
The financing, provided by an affiliate of Cerberus Capital Management, will support the JV’s aim to create a circa £500m-GDV portfolio of more than 2,000 beds.
Housing Hand gets to grips with new rules for student renters
Graham Hayward, the student rental guarantor firm’s MD, tells Ciaran Nerval how the Renters’ Rights Act is affecting the sector.
Unite and Manchester Metropolitan University finalise PBSA joint venture
The partners plan to develop 2,302 purpose-built student accommodation beds at Cambridge Halls.
MCR Property Group buys Canterbury student village
The real estate investment and development company plans to fully refurbish the Kent campus, which is split across nine blocks.
Curation Capital acquires 393-bed Belfast PBSA development
The Alma Place scheme was purchased on behalf of Curation's second joint venture with investor Patron Capital.