RedOak secures £31.3m from Maslow for 184-bed PBSA in Bristol
Maslow Capital has provided a £31.3m development finance facility to support RedOak Property in developing a 184-bed purpose-built student accommodation scheme with added commercial space at Stokes Croft and Moon Street in Bristol.
This funding will enable RedOak to refinance previous planning costs and fully fund the ongoing development of the site.
Situated less than a mile from the University of Bristol campus and half a mile from Cabot Circus, the scheme is positioned to cater to the city’s growing student population.
Maslow Capital has provided a £31.3m development finance facility to support RedOak Property in developing a 184-bed purpose-built student accommodation scheme with added commercial space at Stokes Croft and Moon Street in Bristol.
This funding will enable RedOak to refinance previous planning costs and fully fund the ongoing development of the site.
Situated less than a mile from the University of Bristol campus and half a mile from Cabot Circus, the scheme is positioned to cater to the city’s growing student population.
The development will incorporate state-of-the-art amenities, including a green roof, central courtyard, study zones, gym, cinema and bike store. Additional features include bio-diverse green roofs, 116 cycle spaces, and a car-free design, emphasising sustainability and enhancing connectivity with the local area.
Bristol is experiencing a significant shortfall in student accommodation. Since 2018, only 2,900 beds have been delivered, while the demand has increased by 8,000, resulting in an unmet need of approximately 5,100 beds. This imbalance between supply and demand underscores the urgent need for additional high-quality student housing in the city.
Adam Scott-Avis, acquisitions and development director at RedOak Property, said: “This project addresses the significant shortage of quality student accommodation in Bristol. We are dedicated to creating sustainable, amenity-rich living spaces that enhance the student experience. Maslow Capital has been an invaluable partner in bringing this vision to life. Their expertise in the student accommodation market and collaborative approach have provided insights that extend far beyond financing, adding real value to our project.”
Sky Mapson, senior director, origination at Maslow Capital, added: “Maslow Capital has a long-standing reputation for financing high-quality PBSA developments across Europe. Our extensive experience in this sector allows us to identify and support projects that meet the evolving needs of the student community.”
Image © RedOak Property
