The funding has been secured by Prime, Real Living and Cantay Estates that are delivering the 189-bed scheme which will include a games room, cinema, private dining area, co-working spaces and gym.

Torsion Construction has been appointed as the main contractor for this scheme.

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“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,” said Sky Mapson, senior director of origination at Maslow Capital.

“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.”

Ben Hall, CEO and co-founder of Prima, added: “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.

“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.”