Kinetic Capital

Jensco Group secures £39m loan from Kinetic Capital for PBSA scheme

Kinetic Capital has provided a £39m loan to Jensco Group for the development of a PBSA project on Traffic Street in Nottingham.


The scheme will provide 522 student beds, and is due to be completed for the start of the 2022/23 academic year.  

The loan was agreed on a three-year term.

According to the lender, this is Kinetic Capital’s first loan since its launch in July this year.

Jensco Group was advised by Knight Frank Capital Advisory on this transaction.

The transaction also marks the launch of Kinetic’s environmental, social, and governance (ESG) programme. 

All of the company’s loan facilities will include financial incentivisation for borrowers to deliver on pre-agreed ESG objectives, with a focus on initiatives promoting the positive mental health and wellbeing of student residents.

Steve Grant, chief executive officer at Kinetic Capital, said: “We are pleased to close our first loan, and to be partnering with Jensco Group on this high-quality scheme in a premier higher education market. 

The sector has proved extremely resilient through the Covid-19 crisis

“We expect strong demand for PBSA developments to continue in prime university cities, such as Nottingham.”

Nigel Bobroff, director at Jensco Group, added: “Our PBSA scheme in Nottingham will support growing demand as the city continues to be a top destination for domestic and international students. 

“Kinetic Capital’s considerable experience in the PBSA sector was clear when structuring the loan. 

“Partnering with an experienced and flexible financing provider will be extremely valuable, as we look to deliver this scheme to the market for the 2022/23 academic year.”

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