The project, a joint venture between Zenzic and Torsion, was constructed and developed by Torsion.

It comprises a 196-studio PBSA building near the University of Warwick, delivered with amenities including a gym, private dining room and rooftop terrace, and managed by Torsion-backed LUNA.

The scheme is 100% occupied.

Atelier provided a £26.2m development loan to support delivery from construction to completion, working closely with the borrower to meet a tight build programme ahead of scheduled occupation.

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Now operational and refinanced, the scheme has transitioned from development funding into long-term investment ownership.

Dan Spencer, founder and CEO of Torsion Developments, commented: “It’s been great delivering this scheme with Atelier, something that’s only possible with the right funding partner and a genuinely collaborative approach throughout the development journey.”

Chris Gardner, Atelier’s CEO, added: “The repayment of a facility of this scale is an important milestone for both borrower and lender.

“It demonstrates how collaboration across the sector enables schemes to move successfully through the full cycle of development and investment.”