Maslow Capital Supports RedOak Property’s 184-Bed PBSA Scheme with €37.56m Finance Package
Specialist real estate finance provider Maslow Capital has announced a €37.56 million development finance facility to support RedOak Property, an experienced developer in the student accommodation sector, in creating a 184-bed Purpose-Built Student Accommodation (PBSA) 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 (UoB) campus and half a mile from Cabot Circus, the scheme is positioned to cater to the city’s growing student population. Bristol remains one of the UK’s most sought-after student destinations, supported by two major universities: UoB and the University of the West of England (UWE).
The new development will incorporate state-of-the-art amenities, including a green roof, central courtyard, study zones, gym, cinema, and bike store. Its design is underpinned by strong Environmental, Social, and Governance (ESG) principles, targeting a BREEAM Excellent accreditation. 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 new 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.
“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.”Adam Scott-Avis, Acquisitions and Development Director at RedOak Property
“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. We are thrilled to partner with RedOak Property on this Bristol development, which not only addresses the significant demand for premium student accommodation but also aligns with our commitment to fostering growth in key university cities.”Sky Mapson, Senior Director, Origination at Maslow Capital
“Bristol’s vibrant economy and its reputation as a leading university city make it an ideal location for investment in student accommodation. The strong fundamentals of the city, coupled with a significant undersupply of quality housing options, highlight the demand for projects like this. We are pleased to support RedOak Property in delivering a development that not only meets this pressing need but also enhances the urban landscape with its sustainable and innovative design.”Rachael Gordon, Head of Deal Execution UK & Europe at Maslow Capital
