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£19m facility to fund the development of a new build PBSA scheme in Brighton
Southeast England
LOCATION
Student accommodation
SECTOR
Development loan
LOAN TYPE
Overview
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 provide much-needed accommodation to the more than 31,400 full-time students in Brighton.
Figures are subject to rounding.