European real estate financier Maslow Capital has provided a 拢29m (鈧�34.1m) loan for a UK student housing project owned by Prima, Real Living and Cantay Estates.
Maslow has provided the development finance facility to support the 189-bed purpose-built student accommodation (PBSA) scheme in Oxford.
Sky Mapson, senior director of origination at Maslow Capital, said: 鈥淭his transaction is a great example of what we look for when deploying capital into the PBSA sector - strong fundamentals, experienced counterparties and a location where demand materially outstrips supply.
鈥淚t has been a pleasure to support Prima, Real Living and Cantay Estates on this opportunity, and we look forward to watching this scheme progress.鈥�
Rachael Gordon, head of Maslow Capital deal execution, UK and Europe, said: 鈥淲e are pleased to support another high-quality PBSA scheme alongside an experienced team. This transaction adds to a growing list of student accommodation projects we have funded and reflects our ongoing commitment to tackling the structural undersupply of purpose-built student housing across key UK and European university cities.
鈥淲ith a strong pipeline and deep sector expertise, we remain focused on supporting the delivery of best-in-class living sector assets.鈥�
Ben Hall, CEO and co-founder at Prima said: 鈥淲e are delighted to be working alongside Maslow Capital to deliver this exciting new scheme in one of the UK鈥檚 most iconic university cities. Their understanding of the PBSA sector and collaborative approach made them an ideal partner for this project.
鈥淭ogether with Real Living and Cantay Estates, we look forward to delivering a high-quality scheme that meets the needs of today鈥檚 student population.鈥�
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