Vita Student signs £24m funding deal for Belfast PBSA debut
Puma Property Finance is providing a £24m development facility for Vita Group’s first purpose-built student accommodation scheme in Belfast, providing 269 rooms.
The site is located between Queen’s University and the city centre and completion is targeted for students enrolled on the 2023-24 academic year.
The development includes private dining and study rooms and state-of-the-art gyms.
Puma Property Finance is providing a £24m development facility for Vita Group’s first purpose-built student accommodation scheme in Belfast, providing 269 rooms.
The site is located between Queen’s University and the city centre and completion is targeted for students enrolled on the 2023-24 academic year.
The development includes private dining and study rooms and state-of-the-art gyms.
Kevin Davidson, managing director of Puma Property Finance, said: “This development will represent Vita’s debut and expansion into Northern Ireland. Vita is already well known for providing significant amounts of amenity space in comparison with other developers and this will carry across to its latest Belfast development.
“Moreover, with reports of widespread student accommodation shortages creating challenges across the UK, we are proud to continue our ongoing efforts to support developments of this nature.”
Max Bielby, chief operating officer of Vita Group, said: “Puma’s track record in PBSA makes it the perfect finance partner for Belfast, providing the business with relevant funding to deliver this exceptional building, creating a standout product in this new territory.”
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Photo © Vita Group
