Beaufort Capital Completes £83m Development Facility for Landmark PBSA Scheme in Elephant & Castle
Beaufort Capital has completed an £83 million development facility to fund the delivery of a landmark purpose-built student accommodation (PBSA) scheme in Elephant & Castle, one of Central London’s most dynamic and rapidly evolving locations.
The financing will support the development of a 244-bed student accommodation scheme arranged over 24 storeys, providing high-quality accommodation and extensive amenity provision for students studying in one of the world’s leading higher education markets.
Located just two minutes’ walk from Elephant & Castle station, the development is ideally positioned to serve London’s extensive university population, with more than 40 higher education institutions located across the capital. The scheme is expected to attract both domestic and international students seeking high-quality accommodation with excellent transport connectivity and access to central London.
The project is being undertaken by a joint venture comprising a highly regarded private equity real estate investment management firm and an experienced developer with an established track record in the delivery of PBSA, build-to-rent and co-living schemes throughout London and the South East. The sponsors have successfully secured planning consent and delivered a number of best-in-class residential developments in recent years.
Designed to create a vibrant and engaging student environment, the building will provide a comprehensive range of amenities including a café, kiosk, lounge areas, study rooms, gym, yoga studio, library, games room, laundry facilities, parcel storage and secure cycle parking. The development has been carefully designed to maximise natural light and encourage interaction between residents, with a communal hub located on a mezzanine level and panoramic views across the London skyline from the upper floors.
Mark Quigley, at Beaufort Capital, commented:
“We are pleased to have completed the financing of this high-quality PBSA development in a prime London location, serving one of the world’s leading higher education markets. This transaction demonstrates Beaufort Capital’s ability to provide flexible financing solutions for experienced sponsors, delivering certainty of capital and efficient execution on high-profile larger loan opportunities.”
The transaction further strengthens Beaufort Capital’s growing track record across the living sectors, including PBSA, residential, retirement living and care. It also reflects the firm’s continued focus on providing flexible debt and structured finance solutions to experienced sponsors across the UK real estate market.
As demand for high-quality student accommodation continues to outpace supply in many key university cities, Beaufort remains committed to supporting the delivery of well-located, institutionally-backed schemes that contribute to the long-term growth and resilience of the sector.
