- £21.5m facility supports delivery of 210-bed PBSA scheme in Nottingham
- Structured by Arc & Co, with development funding provided by HTB
- Construction now underway, targeting completion ahead of the 2027 intake
The sponsor, an experienced developer, appointed Arc & Co to structure and arrange the funding. We were pleased to provide the development finance to progress the scheme, which is now under construction and targeting completion ahead of the 2027 student intake.
Nottingham, home to both the University of Nottingham and Nottingham Trent University, is a key regional market where student demand continues to exceed available supply. The development will deliver 210 high-quality bed spaces designed to meet the needs of the city’s growing student population.
This development will add 210 high-quality bed spaces to the city, designed to meet the needs of its growing student population.
Philip Kay, Director at Arc & Co., said:
PBSA remains a highly active sector for Arc & Co., and we were very pleased to support the sponsor on this important Nottingham scheme.
Our role was to structure and arrange a funding solution that aligned with the developer’s requirements, and HTB proved to be an excellent partner throughout the process. Their ability to navigate the complexities of a transaction of this scale and deliver with certainty made them the right lender for this project.
Andrew Dignum, Lending Director at HTB, added:
This was a significant opportunity to support a new to bank client on a complex PBSA scheme.
The £21.5m facility underlines HTB’s capability in structuring and funding large student accommodation developments in key regional markets, and it has been a pleasure to work in partnership with Arc & Co. to deliver this transaction. We look forward to seeing the scheme progress and to building on this new relationship.
Neil Leitch, our Managing Director of Development Finance, said:
Student accommodation remains one of the most resilient sectors in regional property markets, with Nottingham a prime example of a location where demand continues to exceed supply.
Transactions of this scale and complexity require specialist sector knowledge and certainty of funding.
At HTB we are building a strong PBSA track record, and this facility reinforces our role as a trusted partner for complex regional development.