Maslow Capital Successfully Funds £68 Million PBSA Projects in Leeds and Lancaster

In the recent Leeds construction news, Maslow Capital has made a significant contribution to the development of two state-of-the-art and spacious student accommodations in Leeds. Located in the vibrant student-centric cities of Lancaster and Leeds, the strategic location might make a big difference in balancing the demand and supply for student properties in Leeds. The collaborative efforts of real estate and property groups, H.I.G Realty Partners and Primus Property Group, have resulted in an impressive (Purpose-Built Student Accommodation) PBSA student accommodation Leeds. This development, boasting a remarkable total investment of £68 million, provides 790 modern and comfortable student beds.

Situated extremely close to the Leeds city centre, a loan of  £36 million has been allocated for this project. This development is anticipated to be completed in around 34 months. This Leeds student accommodation will encompass a total of 402 studios, built with the motive to cater to thousands of foreseen student population hikes in the city. Concurrently, Lancaster will also be a beneficiary of the remaining portion of the substantial total investment. The rest, £32 million, is to be utilised over a 32-month period to support the development of 388 contemporary studios that are poised to redefine the student properties in Leeds.

Both these projects are set to provide a new perspective on student accommodation in Leeds and Lancaster. It increases the hope of students finding comfortable student properties in Leeds without hassle. There will be a diverse range of amenities to enjoy within those student accommodations, including engaging community spaces, games rooms, communal living areas, private dining rooms, group study spaces, cinema rooms, gym facilities with top-notch equipment, yoga studios, and other outdoor areas for gatherings and get-together. The emphasis here is not solely on providing comfortable student accommodation in Leeds but also on fostering a vibrant and inclusive community that enhances the overall student experience.

Sky Mapson, Directory of Deal Origination at Maslow Capital, has conveyed the pleasure Maslow Capital feels after landing this deal. It has contributed humongously to strengthening the relationship between the two partners, well-known clients in the student housing industry. He also expects many more such transformative projects as a collaborative effort in the future in line with the currently growing need for student properties in Leeds. 

Duncan Melville, Director at Primus Property Group, reflected upon this sentiment, highlighting the significance of partnering with Maslow Capital, a distinguished name in the investment and finance sector. This collaboration serves as an assurance of the strength and reliability that comes with decades of experience in student accommodation financing. Together, they are committed to setting new benchmarks in student property in Leeds, where luxury, convenience, and a strong sense of community spirit combine to create an environment that enhances the student experience. 

The joint venture between H.I.G Realty Partners and Primus Property Group benefited from advisory support by JLL, underscoring their shared commitment to excellence in this endeavour. These developments are poised to be more than just buildings; they are envisioned as vibrant communities where students can thrive and succeed in their academic journeys.