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£10m facility to fund the development of a new build PBSA scheme in Portsmouth
Southeast England
LOCATION
Student accommodation
SECTOR
Development loan
LOAN TYPE
Overview
A £10 million development loan to fund the construction of a PBSA scheme, in Portsmouth. It will have communal facilities including a common room, on-site gym, dining room and secure bike storage. This is the second loan to a repeat client, having previously financed a 245-bed PBSA scheme in Southampton.
Figures are subject to rounding.