The funding has been secured by MRP, the property division of McAleer & Rushe, with construction being delivered by the firm’s contracts.

Scheduled for completion in August 2026, this building will be operated by Prestige Student Living.

Called Broadway Studios, the PBSA will target a BREEAM Excellent rating and an EPC rating of A. Facilities will include a rooftop sky lounge, fitness suite, cinema, gym, private dining and games facilities.

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“Having historically funded successful developments with McAleer & Rushe as main contractor and built a wider relationship with the group, we at Puma Property Finance are delighted to be providing our first financing to MRP,” said Kevin Davidson, managing director at Puma Property Finance.

“Broadway Studios not only reinforces our commitment to backing schemes committed to ESG excellence but also sets the benchmark for modern PBSA developments.”

Shane McBride, development director at MRP, added: “Broadway Studios exemplifies MRP’s strategy of delivering high-quality, operationally resilient PBSA in undersupplied university cities.

“We are delighted to be working with Puma Property Finance on this flagship scheme and look forward to building on this partnership as we continue to expand our PBSA platform.”