Prima, Real Living and Cantay Estates have secured a £29m development finance facility from Maslow Capital to support the delivery of a 189-bed purpose-built student accommodation (PBSA) scheme in Oxford.
The site will offer premium student living with a range of best-in-class amenities, including a games room, cinema, co-working spaces, gym, and private dining area.
“We are delighted to be working alongside Maslow Capital to deliver this exciting new scheme in one of the UK’s most iconic university cities. Their understanding of the PBSA sector and collaborative approach made them an ideal partner for this project.
“Together with Real Living and Cantay Estates, we look forward to delivering a high-quality scheme that meets the needs of today’s student population.”
Ben Hall, CEO & Co-Founder, Prima
Torsion Construction has been appointed as the main contractor, bringing a strong track record in the successful delivery of living sector projects across the UK.
“This 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.
“It has been a pleasure to support Prima, Real Living and Cantay Estates on this opportunity, and we look forward to watching this scheme progress.”
Sky Mapson, Senior Director – Origination, Maslow Capital
Oxford remains one of the UK’s most sought-after university cities, home to both the University of Oxford and Oxford Brookes University. The University of Oxford has been ranked first in the UK – and globally – by Times Higher Education for nine consecutive years. With a growing international student base across both institutions, demand for high-quality student accommodation continues to rise.
Prima, Real Living and Cantay Estates’ scheme is well positioned to meet that demand and deliver much-needed capacity in a supply-constrained market.
“We 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.
“With a strong pipeline and deep sector expertise, we remain focused on supporting the delivery of best-in-class living sector assets.”
Rachael Gordon, Head of Deal Execution (UK & Europe), Maslow Capital
Maslow Capital is part of the Arrow Global Group – a European vertically integrated asset manager specialising in credit and real estate. The company provides real estate finance, with a track record built on the funding of over £7bn of real estate projects.
