Leumi lends £33m for PBSA acquisition



Leumi UK has loaned £33m to Curation Capital for the acquisition of a 416-bed PBSA site in Newcastle Upon Tyne.


This is the fourth completed student accommodation deal between both parties in the space of a month.

Christopher Stallard, relationship director at Leumi, said of this partnership: “This is especially crucial in the student accommodation sector, where timely completion is essential to accommodate students before the start of their term at university.

In addition to funding the acquisition of the asset, the capital will be used for refurbishment.

Stephenson Harwood provided legal counsel while Savills advised on the valuation for Leumi.



Leave a comment