The 36-month facility has been provided to Barwood for the development and stabilisation of the 233-bed scheme in Edgbaston.

The scheme will retain and refurbish two Grade II-listed buildings on the former St Chad’s Hospital site, alongside the construction of three new buildings.

Completion is being targeted in time ahead of the 2026/27 academic year.

“This transaction demonstrates our ability to support new clients with flexible, development-focused funding solutions, even where delivery timelines are compressed,” said Alice Harman, originator at Investec Real Estate.

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“By structuring a bespoke facility, we have helped Barwood progress a complex PBSA scheme that combines heritage refurbishment with new-build development, delivering much-needed student accommodation in a highly sought-after location. It has been a pleasure to work with the Barwood team on this facility.”

Ed Henson, director and head of transactions at Barwood, added: “The Investec team took a refreshingly commercial outlook on the intricacies of this deal, which involved a complex development programme, including elements of new build and conversion, within a corporate structure that included external funding partners and development managers.”