YourTRIBE has secured a £116.6m development facility from Maslow Capital to support the delivery of a new purpose-built student accommodation (PBSA) scheme on Watkin Road, Wembley.
The scheme, which is located close to Wembley Stadium, will deliver 609 PBSA beds, alongside 12,275 sq ft of commercial space.
The development will comprise three blocks, rising up to 27 storeys. Following Gateway 2 approval at the end of last year, construction is now underway and is expected to complete in summer 2028 with HG Construction appointed as the main contractor.
Sky Mapson, senior director, origination at Maslow Capital, said: “Maslow Capital has built a strong reputation as a dependable development finance partner to the student accommodation sector, combining deep PBSA underwriting expertise with certainty of execution. Completing a second transaction with YourTRIBE reflects the strength of that relationship and our shared focus on delivering high-quality accommodation at scale in London.”
Rachael Gordon, head of deal execution (UK and Europe) at Maslow Capital, added: “London’s PBSA market continues to be underpinned by structural demand and a persistent supply gap, particularly for well-located, amenity-rich schemes. As more projects progress through the Building Safety Act gateways, the ability to structure and execute funding with clarity and pace is increasingly important, and we are pleased to support a scheme that is now underway and targeting delivery in summer 2028.”
James Rogers, investment director at YourTRIBE, said: “At YourTRIBE, we design and operate our buildings around the student experience, creating environments that actively support academic success, wellbeing and community. Securing development funding from Maslow Capital once again is a strong endorsement of both our platform and the Watkin Road scheme. Their continued backing provides real momentum as we move into construction and deliver a best-in-class living experience for students in Wembley.”
The transaction was introduced to Maslow by Atrium RE.
