YourTRIBE has secured a £116.6m loan from Maslow Capital to support the development of a purpose-built student accommodation (PBSA) scheme in Wembley, north-west London.
CGI of YourTRIBE’s Watkin Road PBSA scheme, Wembley
The development will include 608 PBSA beds across three blocks, the tallest of which will stand at 27 storeys.
The plans also include 12,275 sq ft of commercial space, alongside amenities such as a concierge, co-working facilities, resident lounges, gym, cinema, podcast studio, games room and private dining areas.
The scheme secured gateway 2 safety approval at the end of last year and construction is under way, with completion targeted for summer 2028. HG Construction has been appointed as main contractor.
This transaction, introduced to Maslow by Atrium RE, is the second deal between Maslow Capital and YourTRIBE, following the completion of £114m of development financing to fund two PBSA schemes in Walthamstow and Greenwich.
YourTRIBE investment director James Rogers said: “Securing development funding from Maslow Capital once again is a strong endorsement of both our platform and the Watkin Road scheme. Their continued backing provides real momentum as we move into construction and deliver a best-in-class living experience for students in Wembley.”
Rachael Gordon, head of deal execution (UK and Europe) at Maslow Capital, added: “London’s PBSA market continues to be underpinned by structural demand and a persistent supply gap, particularly for well-located, amenity-rich schemes.
“As more projects progress through the Building Safety Act gateways, the ability to structure and execute funding with clarity and pace is increasingly important and we are pleased to support a scheme that is now under way and targeting delivery in summer 2028.”
