Puma Property Finance has agreed to provide a development facility for Glenmore’s £25m purpose-built student accommodation (PBSA) project in Dundee.
The 152-bed all-studio accommodation, which is located minutes away from the University of Dundee and Abertay University, is Puma’s third development with Glenmore. Construction has already commenced and it’s anticipated the building will be completed in time for the start of the 2024/5 academic year.
Eliot Kaye, managing director at Puma Property Finance, said: “We are delighted to be working again with our trusted partner Glenmore to address the increasing demand for high-quality student accommodation in Dundee which has been historically undersupplied. PBSA is an asset class that we know well, and this development represents our sustained commitment to the sector.”
Andrew Whiteley of Glenmore Student Property added: “Ensuring that students have high-quality living facilities is a crucial challenge that must be addressed if we are to enable those who wish to continue their education to do so.
“Through our continued work with Puma Property Finance, this PBSA development in Dundee will go some way to addressing the shortage of new build accommodation options in the area. Within walking distance from two universities, it will be well placed to serve student demands.”
