Vita Group has secured a £24m development facility from Puma Property Finance for a 269-room PBSA scheme in Belfast city centre.
The scheme, which is situated between Queen’s University and the city centre, is scheduled to complete in time for the September 2023 academic year. It will offer private dining and study rooms, state-of-the-art gyms and a daily events roster.
Max Bielby, chief operating officer for Vita Group, said: “Puma’s track record in PBSA makes them the perfect finance partner for Belfast, providing the business with relevant funding to deliver this exceptional building, creating a stand-out product in this new territory.”
Kevin Davidson of Puma Property Finance added: “We’re delighted to support this development in what we hope will offer best-in-class service to Belfast’s bustling student population. This development will represent Vita’s debut and expansion into Northern Ireland. Vita is already well-known for providing significant amounts of amenity space in comparison to other developers and this will carry across to its latest Belfast development.”
