This transaction marks the fourth funding arrangement between Maslow and private equity real estate firm Q Investment Partners (QIP), bringing the total financing provided across their partnership to over £61m.

The site of the latest scheme is positioned near The University of Edinburgh and Edinburgh Napier University.

Construction will be delivered by UK contractor Clark Contracts.

Rachael Gordon, head of deal execution at Maslow Capital, commented: “PBSA in the UK faces a chronic shortfall; industry research points to an unmet demand of roughly 600,000 bed spaces nationwide, with just 9,000 new beds delivered last year – barely a third of historic levels.

“At the same time, demand is rising.

“The UK is increasingly seen as a viable study alternative for international students, owing to the relative stability of its immigration rules compared to the US, Australia, and Canada.

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“Against this backdrop, financing well-located schemes such as this one in Edinburgh is not only commercially attractive but essential to narrowing the supply gap and ensuring the UK remains the destination of choice for both domestic and international students.”

Sky Mapson, senior director of origination at Maslow Capital, added: “We are pleased to strengthen our longstanding relationship with QIP through this fourth transaction, further demonstrating our mutual commitment to enhancing the supply and quality of student accommodation in key university cities.

“This development at Canongate exemplifies this strategy, being ideally positioned to meet student needs and elevate Edinburgh’s student living standards.”

Abhinav Swamy, head of investment at QIP, said: “Maslow Capital has been a trusted and valued lending partner across multiple schemes, and this fourth funding arrangement is a testament to the strength of our relationship.

“This marks our third scheme with them in Edinburgh, a top-tier university city we know well—as we look forward to delivering another best-in-class UK PBSA development that addresses the sector’s acute demand-supply imbalance.”