CA Ventures locks down £64m loan for student housing communities in England

CA Ventures has secured a £64 million ($78 million) loan from Investec Structured Property Finance to develop three developments comprised of 888 purpose-built student accommodation (PBSA) units in England’s university cities of Glasgow, Edinburgh and Sheffield.

Investec has financed more than £650 million ($798 million) for 16,000 accommodations in 41 schemes. The loan is Investec’s largest PBSA loan to date.

The developments are made up of a mix of studios and en-suite clusters, featuring state-of-the-art amenity space, premium fit out and elevated, concierge-style service levels. They are slated for completion at the beginning of the 2020/2021 academic year.

The Glasgow scheme is adjacent to the University of Strathclyde and will provide 422 units upon completion. It is located within a five-minute walk from Glasgow Caledonian University and two miles from the University of Glasgow.

The Edinburgh scheme will consist of 216 rooms and is close to E