Over £28m for York student accommodation project
Aviva Commercial Finance Ltd has boosted its student accommodation lending investments by reaching a financial close on a significant deal with The University of York.
The company, which operates out of Rougier Street, York, has provided a £28.5 million loan to Student Accommodation Provision Three LLP, a joint venture between Evans Property Group and the University of York, who will be building and developing a new residential campus for the University.
James Pitt, development director at Evans Property Group, said: “Having completed the award winning Langwith campus in September last year we are delighted to be working again in partnership with the University on the third student campus at Heslington East. This latest transaction demonstrates our continued approach to providing innovative funding solutions for the delivery of student accommodation.” …