Fiera Real Estate Debt Strategies, an affiliate of Fiera Capital Corporation has completed a £77m senior investment loan to YourTribe.
The loan will refinance two student accommodation assets in south-east London. They include a 250-bed scheme in South Bermondsey (pictured above) and a 267-bed scheme in Peckham, 35% of which are designated as affordable. They feature various amenities including a gym/wellness room, a roof terrace, and dedicated study and lounge areas.
The assets will be managed by Project Student and cater to 12 universities, including University College London, King’s College London, London School of Economics, and Goldsmiths University.
Richard Howe, co-head of Fiera’s European Real Estate Debt business, said: “The student accommodation sector continues to be a very resilient asset class that is underpinned by a widening supply versus demand imbalance. This is particularly pronounced in the capital city where the student to bed ratio is in excess of 3.5, among the highest in Britain. We are thus pleased to partner with YourTribe on these newly established student accommodation assets, which promise to deliver an exceptional experience for students and the broader community.”
James Rogers, investment director at YourTribe, added: “Partnering with Fiera Real Estate Debt Strategies underscores our commitment to providing top-tier student accommodation in London. These newly refinanced assets not only meet the pressing demand for quality housing but also exemplify our dedication to enhancing student living experiences through innovation, sustainability, and community engagement.”
Images © YourTribe
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