Torsion secures £26.2m finance deal with Atelier for Warwick PBSA

Located nearby one of the UK’s leading universities, Torsion has secured funding from Atelier for a new purpose-built student accommodation (PBSA) development in Warwick.

Torsion's new development near the University of Warwick | Torsion Group | Atelier | PBSA News
Torsion's new development near the University of Warwick.

Specialist development finance lender Atelier announces the completion of a £26.2m gross loan to Torsion Group for the development of a new PBSA scheme.

The funding will provide a much-required PBSA development that will deliver 196 studios only a 15-minute walk away from the main campus at the University of Warwick.

The new PBSA scheme will also deliver amenities including a gym, cinema and a rooftop terrace. The development is set to be complete for the academic intake of September 2025.

“The University of Warwick development is the latest in a series of major new project wins for Torsion as we extend our presence in the PBSA sector. We are confident that our collaboration with Atelier will deliver outstanding benefits not only for the university and its students, but also for our partners and colleagues.

“Our mission is to bring project delivery excellence to all our schemes, and this development at the University of Warwick is a fantastic opportunity to embed this approach further. Torsion’s track record of handing projects over on time and on budget, combined with the property finance expertise of Atelier, will achieve exceptional results on this project.”

Dan Spencer, CEO, Torsion Group

Torsion has secured numerous large financing joint ventures to deliver over 3,000 PBSA units since its inception in 2016 and a further 3,000 in development or in the pipeline. Torsion is a privately owned multi-disciplinary company offering a solutions-focused approach to developing, constructing and operating accommodation-based schemes. This covers residential, student accommodation, and care and retirement living developments.

Atelier is a specialist property finance company that delivers bespoke development finance solutions for SME developers and intermediaries across the UK. Loans are available from £5m to £40m on residential, student accommodation and care schemes.

“With Torsion’s long-track record of providing high quality PBSA developments, we are delighted to be working with the team on this scheme and will always look to be creative in our structuring of facilities for counterparties of this quality.

“Working to tight deadlines we collaborated with the Torsion team to structure a finance facility, enabling them to acquire the site and work to a build programme ready for the 2025 academic year.

“Ultimately, the success of this deal has been down to the trust established throughout the process. We remain committed to lending within the PBSA sector and look forward to building upon this relationship in the months ahead.”

Rav Kudhail, Lending Manager, Atelier

This news follows the recent announcement of the acquisition of five PBSA schemes by the Zenzic Capital and Torsion Group joint venture.