The funding has been provided to Brydell Partners to deliver a PBSA, a fully-let workspace hub and an office building.

The PBSA, called the Spireworks, includes 140 beds and is located on Cowley Road in the city.

These assets sit within an operating platform owned by Brydell Partners called ‘journey’ — this portfolio includes urban labs, incubators, workspaces, mid-tech, storage, event space and supporting amenities including short and long-stay residences.

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“This financing reinforces Investec's commitment to providing our clients with flexible, tailored funding solutions that support long-term growth and value creation,” said Ed Boughton, director of origination at Investec.

“We were pleased to deliver this facility in a timeframe that allowed Brydell Partners to execute on its business plan for the PBSA asset, while freeing up liquidity to enable Brydell to unlock new opportunities at a highly attractive market entry point.”

Jeff Mackenzie, associate at Brydell Partners, added: “These financings allow us to re-invest capital into our exciting development pipeline across the journey portfolio and pursue bolt-on acquisitions.

"journey has aggregated 25 assets across Oxford, Cambridge and Manchester and continues to target new opportunities.”