Maslow completes £68m package for PBSA schemes in Leeds and Lancaster

Maslow Capital is supporting the development of two student accommodation schemes in the heart of Leeds and Lancaster with a finance package totaling £68m.

The funding will enable the client — a joint venture between H.I.G Realty Partners and Primus Property Group — to deliver 790 student beds across the two projects.

A £36m, 34-months loan will be allocated to the scheme in near Leeds city centre, which will comprise 402 studios.

The remaining £32m — agreed over a 32-months term — will support the development of 388 studios in Lancaster.

Both projects will offer a range of industry leading amenities, including games rooms, common living areas, private dining rooms, group study spaces, cinema rooms, gyms, yoga studios, and outdoor social areas. 

Sky Mapson, director of deal origination at Maslow Capital, said: “We are delighted to deepen our relationship with two top-tier clients, through the funding of these transformative projects."

Duncan Melville, director at Primus Property Group, added: “Partnering with Maslow Capital, a proven name in the sector, assures us of the strength and reliability that comes with decades of experience in student accommodation financing.

“We are confident that together, we will set new benchmarks in student living, combining luxury, convenience, and community spirit.”

The H.I.G. Realty Partners and Primus Property Group joint venture was advised by JLL.

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