PBSA building in Brighton

£19.4m development loan for 135-bed purpose-built student accommodation (PBSA) building in Brighton

£19.4 m

LOAN AMOUNT

DECEMBER 2022

Southeast England

LOCATION

Student accommodation

SECTOR

Development loan

LOAN TYPE

Live

Overview

Puma Property Finance has provided a £19.4 million loan to finance the development of a 135-bed PBSA scheme in Brighton. The accommodation comprises 135 self-contained studio bedrooms, together with various communal and service facilities, including a games area, secure bike storage and laundry facilities, over the part-4 and part-5-storey blocks.

The development will provide much-needed accommodation to the more than 31,400 full-time students in Brighton.