To read this full article you need to be subscribed to Newsline.Sign in Sign up for a FREE subscription
LaSalle provides $164m green loan facility to finance Greystar’s student housing project in London
LaSalle Investment Management has provided a £130 million ($164 million) fixed-rate green loan facility to finance Greystar’s acquisition and development of a 770-bed student housing asset in Wembley Park, London.
The project is situated within the Wembley regeneration area, an established neighborhood with diverse local amenities and facilities. The project benefits from excellent transportation links and is a five-minute walk to Wembley Park station, providing easy access to Central London. It is also well connected to a range of London’s top universities, such as King’s College London and the London School of Economics.
The green loan will partially fund the construction of the 770-bed asset, which is scheduled to reach completion in the summer of 2025. The development will consist of 20 stories with 12,000 square feet of amenities, including a coworking space, external courtyards and gardens, a gym and bike storage. The development has been designed with sta