Barclays Corporate finances Aston University scheme
Barclays Corporate has provided senior debt finance to Liverpool-based developers The Iliad Group for a new £38 million student property development near Aston University in Birmingham.
Construction has now begun on the 656-bed scheme on Bagot Street, which is a joint venture between two long-standing Barclays Corporate clients, The Iliad Group and Cosmopolitan Student Homes (CSH), a subsidiary of Cosmopolitan Housing Association.
Once completed CSH, the seventh largest student accommodation provider in the UK, will enter into a 35-year lease to manage and operate the property …