Study Inn secures refinance of its second PBSA portfolio

Study Inn Group refinances its second portfolio of purpose-built student accommodation assets.

Study Inn purpose-built student accommodation development | PBSA News
Study Inn PBSA development.

Boutique serviced student accommodation owner, developer and operator – Study Inn Group – announces it has refinanced its second portfolio of student accommodation assets with facilities totalling £161m. The company was advised by Knight Frank Capital Advisory, Gateley Legal, Cooper Parry, CBRE and Chatham Financial.

“We are delighted to have advised our client Study Inn Group on the refinance of their market-leading, purpose-built operational assets located in Bristol, Loughborough, Nottingham and Exeter. The student accommodation sector remains attractive to a range of capital providers and this particular portfolio is a perfect demonstration of one which has maintained impressive occupancy levels throughout the pandemic.”

Lisa Attenborough, Head of Debt Advisory, Knight Frank

The Study Inn platform was set up to design and develop portfolios of high-quality, well located purpose-built student accommodation (PBSA) in key cities. Once operational, assets are stabilised at 100% occupancy under the Study Inn brand before being sold into the investment market – with or without ongoing branding and management.

“The re-finance of development assets once they are complete and operational is a key step in consolidating the portfolio. This allows us to bring our completed sites into one facility with lower debt service costs, scale up to a level which can accommodate a significant number of additional rooms, and maximise our return on capital.”

Marcus Hook, Finance Director, Study Inn Group

In 2017, Study Inn sold its first £135m student accommodation portfolio to Arlington Advisors. Since, the Group has created its second generation of completed assets in Bristol, Loughborough, Nottingham and Exeter, with further developments currently on site in Leicester, Nottingham and Leeds.