Maslow funds £68m Leeds and Lancaster PBSA schemes
Maslow Capital has loaned £68m for the development of two purpose-built student accommodation schemes in Leeds and Lancaster that will provide 790 beds.
The two loans will enable a joint venture between HIG Realty Partners and Primus Property Group.
In Leeds, £36m will be allocated to the development of a 402-bed PBSA block on Regent Street.
Maslow Capital has loaned £68m for the development of two purpose-built student accommodation schemes in Leeds and Lancaster that will provide 790 beds.
The two loans will enable a joint venture between HIG Realty Partners and Primus Property Group.
In Leeds, £36m will be allocated to the development of a 402-bed PBSA block on Regent Street.
A further £32m will support the development of a second student accommodation scheme in Lancaster.
The project will provide 388 studios, and both projects will offer a range of amenities, including games rooms, common living areas, private dining rooms, group study spaces, cinema rooms, gyms, yoga studios and outdoor social areas.
Rachael Gordon, head of deal execution at Maslow Capital, said: “The notable increase in the international student population in both Leeds and Lancaster has intensified the demand for high-quality student accommodation in these cities.
“The early reservation of properties and the heightened demand for homes within walking distance of universities are trends apparent in both cities. With esteemed universities experiencing a surge in enrolment, the supply of purpose-built student accommodations is pivotal.”
HIG Realty Partners and Primus Property Group were advised by JLL.
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Image from Primus Property Group
