Andrew Southern

Future Generation secures £62m development facility from Maslow Capital

Future Generation has secured a £62m development loan from Maslow Capital for student housing in Guildford, Surrey.


The six-storey, 533-bed Guilden Park project — which is the student accommodation specialist’s largest scheme to date — is set for completion for the start of the 2021 academic year.

Shared apartments will make up 84% of the scheme, with the remaining accommodation comprising studios.

The scheme has a GDV in excess of £102m and will be Future Generation’s third PBSA scheme to enter construction.

Future Generation is a joint venture between developer Southern Grove and Tadhamon Capital.

“We chose Guildford because purpose-built student accommodation isn’t something this area has really seen yet on any meaningful scale,” said Andrew Southern, chairman at Southern Grove and Future Generation (pictured above).

“The demand is there, and we are going to be heavily disrupting that market.”

Ellis Sher, co-founder at Maslow Capital, added: “Student accommodation in the UK has exploded over the past decade as institutional investors have realised how rewarding it can be to offer students a better standard of living.”

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