Developer secures £18m refinancing for Edinburgh student scheme
Original Article Summary
Student accommodation developer Danehurst has completed an £18 million refinancing of The Pepper Mill, a 155-studio purpose-built student accommodation development in Bonnington, Edinburgh. The deal comes as the city faces a shortfall exceeding 18,000 student beds. The post Developer secures £18m refinancing for Edinburgh student scheme appeared first on PropertyWire.
Investor Analysis
Danehurst has refinanced its 155-studio Edinburgh PBSA scheme at 63% LTV on a 15-month term, against a backdrop of an 18,000-bed shortfall and new planning rules that will restrict future studio-led PBSA supply in the city.
Investor Relevance
The combination of documented supply shortage, new planning constraints limiting future pipeline, and lender appetite at 63% LTV gives PBSA investors concrete signals on Edinburgh yield support, acquisition opportunity, and development viability under the new regulatory regime.
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