YourTRIBE has secured two development loans totalling £114m from Maslow Capital to support the delivery of purpose-built student accommodation (PBSA) schemes in Walthamstow and Greenwich.
The funding package includes a £35m facility for a 224-bed PBSA scheme featuring 5,300 sq ft of commercial space in Walthamstow, and a £79m facility comprising a 414-bed PBSA scheme and 5,352 sq ft of commercial space in Greenwich (pictured).
The Walthamstow project is set to reach practical completion in time for the 2026 academic year with the Greenwich scheme following in 2027.
Sky Mapson, senior director, origination at Maslow Capital, said: “YourTRIBE has a proven track record of delivering high-quality PBSA schemes, and their latest projects in Walthamstow and Greenwich are no exception. From prime locations to well-considered design, these developments reflect a deep understanding of what today’s students need to thrive.
“At Maslow, we value long-term partnerships with experienced developers who share our commitment to delivering outstanding living environments. It has been a pleasure working with YourTRIBE on these transactions, and we look forward to seeing these projects come to fruition.”
Rachael Gordon, head of deal execution (UK and Europe) at Maslow Capital, added: “With London’s world-class universities attracting students from across the globe, the demand for purpose-built student accommodation continues to far exceed supply. Many students still struggle to find well-located, high-quality housing that meets their needs, and developments like these play a crucial role in addressing this shortfall.
“These schemes will offer students a best-in-class living experience, with high-specification amenities that foster community, well-being, and academic success. This is the kind of accommodation students deserve, and we are proud to help make it a reality.”
James Rogers, investment director at TRIBE Student Housing, said: “Our belief that student accommodation should be more than just a place to stay is at the core of everything we do, it’s embedded in every stage, from land acquisition to the delivery of world-class living environments. These exciting new developments in Walthamstow and Greenwich mark a key milestone in our ambition to become the leading provider of premium student accommodation in London.
“With Maslow Capital’s expertise and deep understanding of the PBSA sector, we’ve been able to structure the funding needed to bring these high-demand projects to life in two of the city’s most vibrant and sought after locations.”
Atrium ARE introduced the transactions to Maslow Capital and acted as the borrower’s adviser throughout the financing.
