£19.4m development loan for 135-bed purpose-built student accommodation (PBSA) building in Brighton
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Loan: Development
Sector: Student Accommodation
Amount: £19,400,000
Location: Southeast England
Status: Live
Initial Deal: December 2022
Puma Property Finance has provided a £19.4 million loan to finance the development of a 135-bed PBSA scheme in Brighton. The accommodation comprises 135 self-contained studio bedrooms, together with various communal and service facilities, including a games area, secure bike storage and laundry facilities, over the part-4 and part-5-storey blocks.
The development will provide much-needed accommodation to the more than 31,400 full-time students in Brighton.
