Cain and Olympian Homes have appointed J3 Advisory to arrange latent defects insurance (LDI) for St James House, a 28-storey redevelopment that will deliver over 590 student and co-living beds and reshape Bristol’s skyline.
Latent defects insurance is increasingly central to the financing of purpose-built student accommodation (PBSA), providing long-term protection against hidden structural defects in design, materials or workmanship.
For student housing, where income stability depends on uninterrupted occupation, the cover offers reassurance to investors and lenders by safeguarding both the building and its rental income.
Johnny Leadsom, director at J3 Advisory, said: “Projects like St James House highlight why LDI is increasingly seen as essential in managing risk in the PBSA sector.
“It’s not only about meeting lender requirements; it’s about protecting the building itself and the income streams behind it. We’re pleased to be advising Cain, and Olympian again.”
Oliver Cummings, managing director, head of PBSA, Europe at Cain, said: “St James House responds to Bristol’s growing student population while setting new standards for accommodation in the city.
“J3 Advisory’s expertise in navigating complex warranty arrangements has been invaluable in giving our investors confidence.”
Due for completion in 2028, the St James House scheme will comprise two towers with 15,000 sq ft of shared amenities and will target strong sustainability standards, including BREEAM Excellent certification. RG Group has been appointed as main contractor.
