The scheme will be delivered by HG Construction and managed by Homes for Student under the Prestige Student Living brand.
Once completed, the building will comprise a mix of clusters and studios in addition to a community/office space, common areas, laundry and cycle parking.
“The prime location of the scheme is further bolstered by Edinburgh’s reputation as a top-tier student city…” said Ben Hall, head of investment at Q Investment Partners.
“Despite the uncertainties surrounding Brexit, investor interest in UK PBSA remains strong.
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“The sector is also best positioned to benefit from the ongoing trade tensions between US and China as Chinese students look to study outside the US.”
Sky Mapson, deal originator at Maslow Capital, stated: “From a development perspective, there is currently a structural undersupply of PBSA in Edinburgh, there is a limited pipeline and a large international student population relative to the UK average.”
Rob Greaves, director at HGD, added: “Maslow Capital understands the intricacies of the student market and we believe that along with our experienced contractors HG Construction and proven operators Homes for Students, we have assembled a leading team fully committed to the delivery of this project.”