Maslow Capital has provided a £31.3m development finance facility to support RedOak Property in creating a 184-bed Purpose-Built Student Accommodation (PBSA) scheme in Bristol.
This funding will allow RedOak to refinance previous planning costs and fully fund the ongoing development of the site located at Stokes Croft and Moon Street.
The property is less than a mile from the University of Bristol campus and half a mile from Cabot Circus, targeting the city’s growing student population.
The new development will feature modern amenities, including a green roof, central courtyard, study zones, gym, cinema, and bike store.
The design follows strong Environmental, Social, and Governance (ESG) principles, aiming for BREEAM Excellent accreditation.
Additional features include bio-diverse green roofs and a car-free design to promote sustainability.
Adam Scott-Avis, acquisitions and development director at RedOak Property, said: “This project addresses the significant shortage of quality student accommodation in Bristol.
“We are dedicated to creating sustainable, amenity-rich living spaces that enhance the student experience.
“Maslow Capital has been an invaluable partner in bringing this vision to life.
“Their expertise in the student accommodation market and collaborative approach have provided insights that extend far beyond financing, adding real value to our project.”
Sky Mapson, senior director, origination at Maslow Capital, said: “Maslow Capital has a long-standing reputation for financing high-quality PBSA developments across Europe.
“Our extensive experience in this sector allows us to identify and support projects that meet the evolving needs of the student community.
“We are thrilled to partner with RedOak Property on this Bristol development, which not only addresses the significant demand for premium student accommodation but also aligns with our commitment to fostering growth in key university cities.”
Rachael Gordon, head of deal execution UK & Europe at Maslow Capital, said: “Bristol’s vibrant economy and its reputation as a leading university city make it an ideal location for investment in student accommodation.
“The strong fundamentals of the city, coupled with a significant undersupply of quality housing options, highlight the demand for projects like this.
“We are pleased to support RedOak Property in delivering a development that not only meets this pressing need but also enhances the urban landscape with its sustainable and innovative design.”
