Maslow Capital fund PBSA development
Development lender Maslow Capital provided debt finance to Q Investment Partners and HG Developments Limited for their purpose-built student accommodation (PBSA) development in Edinburgh.
The facility will be used to fund the purchase and development of a 198-bed PBSA scheme which is located opposite Meadowbank Stadium (pictured).
Ben Hall, head of investment at Q Investment Partners, said: “The prime location of the scheme is further bolstered by Edinburgh’s reputation as a top tier student city.
“Despite the uncertainties surrounding Brexit, investor interest in UK PBSA remains strong.
“The sector is also best positioned to benefit from the on-going trade tensions between US and China as Chinese students look to study outside the US.
“Moreover, the outlook for UK PBSA is very encouraging and will be driven by positive fundamentals, supportive demographic trends, strong international demand and growing pressure on housing.”