The development will have 196 studio flats

Torsion Group secures £26.2m PBSA loan from Atelier



Atelier has completed a £26.2m gross loan to Torsion Group for the development of a PBSA scheme, comprising 196 studios near the University of Warwick.


The PBSA, will be a 15-minute walk from the main University of Warwick campus and offer gym and cinema facilities in addition to a rooftop terrace for the 196 studios.

The development is set to be complete for the academic intake of September 2025.

Rav Kudhail, lending manager at Atelier, said: “Working to tight deadlines we collaborated with the Torsion team to structure a finance facility, enabling them to acquire the site and work to a build programme ready for the 2025 academic year.

“Ultimately, the success of this deal has been down to the trust established throughout the process. We remain committed to lending within the PBSA sector and look forward to building upon this relationship in the months ahead.”

 



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