The capital sourced by Karis will enable Zenzic and Torsion to tackle the current shortage of high-quality PBSA sites across the UK, which has compelled this collaborative duo to build a portfolio of exciting projects with a GDV of over £500m.  

The new development comes at an exciting time for the UK’s Northern property sector, as properties in Leeds have seen strong price rises over the last year.

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This has been fuelled largely by multi city centre regeneration projects, with developers attracted by a burgeoning lettings market driven by student demand. 

Nadine Buckland, CEO at Zenzic Capital, commented: “After working with Nicholas Christofi on a previous facility, we knew immediately we could place our trust in his skilled team of advisors at Karis Capital.

“The loan structure achieved allows the JV to deliver this exceptional project, which will play a major role in meeting the rapidly growing demand for premium student accommodation across the city of Leeds.”

Nicholas Christofi, CEO and co-founder of Karis Capital (pictured above), added: “When we were approached by the JV partners on this project we could immediately see the potential in the final product.

“This was a major factor in securing the best possible terms, which will afford the project team the freedom and flexibility to concentrate on delivering a market leading development.

“It’s a privilege to contribute to such a large-scale and impressive project that will benefit the students of Leeds and surrounding community.”