Investec Bank has provided an £86.5 million refinancing loan for a five-property purpose-built student accommodation (PBSA) portfolio across London, Nottingham, Newcastle, Sheffield, and Lincoln. The assets, managed by Global Student Accommodation’s (GSA) operating partner Yugo, include 1,460 student beds.
The refinancing includes upgrades to two properties, enhancing bedrooms and communal spaces. This marks the second deal between Investec and GSA, with the bank having financed over £1.15 billion in PBSA projects since 2011, supporting more than 22,000 student beds across 62 developments in 26 UK cities.
Despite economic challenges, Investec continues to prioritise PBSA, citing strong demand and the sector’s resilience. The deal aligns with the bank’s strategy to expand its lending portfolio through larger financing agreements.
