The first stage whole loan has been secured by DPK Group to fund the conversion of Royal Albert Dock by London City Airport.
This will involve converting around 450,000 sq ft GIA of vacant office space into a PBSA with an expected GDV of £300m.
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The facility will finance the refurbishment of 20 riverfront buildings, delivering 1,085 student beds alongside 55,000 sq ft of retail and amenity space.
Full planning consent was secured for the site in 2023.
The scheme is on track for completion in Q3 2027, when it will be operated by Homes for Students.
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