The PBSA scheme is located on Freestone Road and will include a mix of studios and cluster rooms as well as a gym, communal lounge, games area, study spaces, laundry facilities and landscaped courtyards.

Moorfield is targeting an EPC A rating and BREEAM Excellent accreditation.

The development will be delivered by Tiger Developments with Watkin Jones appointed as main contractor.

Tiger’s sister company, Host Student, will operate the scheme once completed.

 “This transaction highlights our continued appetite to fund best-in-class living sector developments alongside proven sponsors, in markets with compelling demand-supply dynamics,” said Mike Russell, originator at Investec Real Estate.

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“It also extends our partnership with Moorfield, following our £15.6m financing of a 293-bed PBSA scheme in Lincoln, which completed at the end of 2023, and our £19m committed loan facility to fund the acquisition and development of a 282-bed PBSA scheme in Colchester, Essex.”

Chris Perera, head of origination at Moorfield Group, added: “This latest financing with Investec will help us deliver another high-quality PBSA asset, providing much-needed accommodation for Bristol’s growing student population.

“Investec’s deep understanding of the sector and flexible approach makes them a trusted long-term partner and we are pleased to continue building on our relationship through this flagship development.”