Beaufort Capital has successfully arranged an impressive £83 million financing package to support a new development of purpose-built student accommodation (PBSA) in the heart of London. This significant project, set to rise 24 storeys, will provide 244 high-quality student beds in a prime location near Elephant & Castle station, catering to the increasing demand for modern student living spaces within the UK PBSA market.
The Development Overview
This ambitious project is a collaborative venture between a well-established private equity real estate investment manager and a developer with extensive experience in the living sector. The scheme is designed to offer a wide range of on-site amenities, including a fully-equipped gym, a yoga studio, dedicated study rooms, and inviting communal spaces. Such facilities are essential in attracting students seeking a vibrant and supportive living environment.
Project Advantages and Planning
One of the standout features of this development is its rare all-private planning consent, which simplifies the pathway to completion and minimises potential regulatory obstacles. The project is backed by a proven main contractor, ensuring that construction will progress efficiently and to a high standard. Beaufort Capital has worked closely with debt adviser Voltaire Financial to devise flexible funding solutions tailored to the specific needs of this high-profile PBSA scheme.