Maslow Capital has provided a £114m development loan to YourTRIBE for two purpose-built student accommodation (PBSA) projects in London.
The funding supports a 224-bed scheme in Walthamstow, with £35m and 5,300 square feet of commercial space, and a 414-bed scheme in Greenwich, with £79m and 5,352 square feet of commercial space.
These projects will create a total of 638 PBSA units and 10,600 square feet of commercial space.
Sky Mapson, senior director of origination at Maslow Capital, said: “YourTRIBE has a proven track record of delivering high-quality PBSA schemes, and their latest projects in Walthamstow and Greenwich are no exception.
“From prime locations to well-considered design, these developments reflect a deep understanding of what today’s students need to thrive.”
Mapson added: “At Maslow, we value long-term partnerships with experienced developers who share our commitment to delivering outstanding living environments.
“It has been a pleasure working with YourTRIBE on these transactions, and we look forward to seeing these projects come to fruition.”
Rachael Gordon, head of deal execution (UK and Europe) at Maslow Capital, said: “With London’s world-class universities attracting students from across the globe, the demand for purpose-built student accommodation continues to far exceed supply.
“Many students still struggle to find well-located, high-quality housing that meets their needs, and developments like these play a crucial role in addressing this shortfall.”
Gordon added: “These schemes will offer students a best-in-class living experience, with high-specification amenities that foster community, well-being, and academic success.
“This is the kind of accommodation students deserve, and we are proud to help make it a reality.”
James Rogers, investment director at TRIBE Student Housing, said: “Our belief that student accommodation should be more than just a place to stay is at the core of everything we do, it’s embedded in every stage, from land acquisition to the delivery of world-class living environments.
“These exciting new developments in Walthamstow and Greenwich mark a key milestone in our ambition to become the leading provider of premium student accommodation in London.”
Rogers added: “With Maslow Capital’s expertise and deep understanding of the PBSA sector, we’ve been able to structure the funding needed to bring these high-demand projects to life in two of the city’s most vibrant and sought-after locations.”
