Alicante
PBSA Development

Features

• Senior debt investment loan of €17.5 million secured against a 290 Bed PBSA development in Alicante
• Construction commenced in Q4 2023 and will completed by September 2025
• Scheme will be adopting Passivhaus design principles

Key Strengths

• The Sponsor has a track record of developing 3,500+ PBSA beds and benefits from a vertically integrated platform including in-house operations.
• The Alicante PBSA market has a supply-demand imbalance stemming from a lack of current supply. As of 22/23 AY, there are 7,400 mobile students against 1,800 PBSA beds (including pipeline)

ESG

• Targeting BREEAM Outstanding
• Targeting EPC A++
• Targeting Fitwel 3*
• Targeting WiredScore Platinum

Location

• Alicante, Spain