The Watkin Road scheme will deliver 609 PBSA beds, alongside 12,275 sq ft of commercial space.

Located close to Wembley Stadium, the development is set to comprise three blocks, rising up to 27 storeys.

Following Gateway 2 approval at the end of last year, construction is now underway and expected to complete in summer 2028 with HG Construction appointed as the main contractor.

The development will include a concierge, co-working facilities, resident lounges, gym, cinema, podcast studio, games room and private dining areas.

This transaction, introduced to Maslow by Atrium RE, is the second deal Maslow Capital has supported for YourTRIBE, following the completion of £114m of development financing to fund two PBSA schemes in Walthamstow and Greenwich.

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Rachael Gordon, head of deal execution (UK & Europe) at Maslow Capital, commented: “London’s PBSA market continues to be underpinned by structural demand and a persistent supply gap, particularly for well-located, amenity-rich schemes.

“As more projects progress through the Building Safety Act gateways, the ability to structure and execute funding with clarity and pace is increasingly important, and we are pleased to support a scheme that is now underway and targeting delivery in summer 2028.”

James Rogers, investment director at YourTRIBE, added: “At YourTRIBE, we design and operate our buildings around the student experience, creating environments that actively support academic success, wellbeing and community.

“Securing development funding from Maslow Capital once again is a strong endorsement of both our platform and the Watkin Road scheme.

“Its continued backing provides real momentum as we move into construction and deliver a best-in-class living experience for students in Wembley.”