Maslow Capital was delighted to support a joint venture between H.I.G. Realty Partners and Primus Property Group with a £36 million loan that will see the development of a state-of-the-art student accommodation scheme in Leeds. Located on Regent Street, less than a mile east of Leeds City Centre, the project will be an important part of the city’s expanding educational infrastructure, introducing 402 modern student studios.
H.I.G. Realty Partners, together with Primus Property Group, aim to redefine student living in Leeds. This venture is a response to the 54% increase in the city’s international student population since 2015, addressing the urgent need for quality student housing.
The centrally located scheme will offer an array of industry-leading amenities. These include games rooms, common living areas, private dining rooms, group study spaces, cinema rooms, gyms, yoga studios, and dynamic outdoor social areas, all designed to enhance the student living experience.
This £36 million loan forms part of a wider £68 million financing package that will also see the development of 388 student beds in Lancaster.
This development underscores Maslow Capital’s commitment to fostering high-standard living sector assets in areas where demand is outpacing supply, continuing its legacy of supporting significant real estate projects across the UK.
Sky Mapson, Director, Deal Origination at Maslow Capital said: “We are delighted to deepen our relationship with two top-tier clients, through the funding of these transformative projects. Our extensive experience in the sector, having funded a significant number of student accommodation schemes resulting in the creation of 3,916 student units since our inception, underscores Maslow’s steadfast commitment to supporting the development of high-quality living sector assets in locations where demand exceeds supply.”
Rachael Gordon, Head of Deal Execution at Maslow Capital said: “The notable increase in the international student population in both Leeds and Lancaster has intensified the demand for high-quality student accommodation in these cities. The early reservation of properties and the heightened demand for homes within walking distance of universities are trends apparent in both cities. With esteemed universities experiencing a surge in enrollments, the supply of purpose-built student accommodations is pivotal.”