Maslow Capital has completed a £14m loan to help deliver a 76-unit purpose-built student accommodation (PBSA) scheme on Canongate, Edinburgh.
This is the fourth deal between Maslow Capital and Singapore-based Q Investment Partners, bringing total funding provided by Maslow Capital to Q Investment Partners to over £61m.
Previous projects include £17.7m for London Road in Edinburgh, £19.64m for Huntingdon Road in Nottingham, and £10.5m for East Newington Place in Edinburgh.
The new Canongate site is in Edinburgh’s city centre, close to the University of Edinburgh and Edinburgh Napier University.
Construction will be led by Clark Contracts, a contractor with more than forty years’ experience.
Rachael Gordon, head of deal execution at Maslow Capital, said: “Purpose-built student accommodation in the UK faces a chronic shortfall; industry research points to an unmet demand of roughly 600,000 bed spaces nationwide, with just 9,000 new beds delivered last year – barely a third of historic levels.
“At the same time, demand is rising. Recent analysis recorded a 25 per cent year-on-year jump in interest from US students for British degrees in March alone, as policy uncertainty at home encourages them to look overseas.
“The UK is increasingly seen as a viable study alternative for international students, owing to the relative stability of its immigration rules compared to the US, Australia, and Canada.”
Gordon added: “Against this backdrop, financing well-located schemes such as this one in Edinburgh is not only commercially attractive but essential to narrowing the supply gap and ensuring the UK remains the destination of choice for both domestic and international students.”
Sky Mapson, senior director, origination at Maslow Capital, said: “We are pleased to strengthen our longstanding relationship with Q Investment Partners through this fourth transaction, further demonstrating our mutual commitment to enhancing the supply and quality of student accommodation in key university cities.
“QIP’s proactive approach across their projects significantly contributes to addressing the growing demand for premium student housing.
“This development at Canongate exemplifies this strategy, being ideally positioned to meet student needs and elevate Edinburgh’s student living standards.”
Abhinav Swamy, head of investment at Q Investment Partners, said: “Maslow Capital has been a trusted and valued lending partner across multiple schemes, and this fourth funding arrangement is a testament to the strength of our relationship.
“Their market expertise and collaborative mindset have been integral to the success of our projects, and we are pleased to be working together once again.
“This marks our third scheme with them in Edinburgh, a top-tier university city we know well—as we look forward to delivering another best-in-class UK PBSA development that addresses the sector’s acute demand-supply imbalance.”
