Case study: Paragon supports new PBSA project in Glasgow city centre
Original Article Summary
<p>The bank has provided £22.6 million to fund Union Property’s Glasgow Citi View PBSA development.</p>
PropMatch Curated Analysis
Paragon Bank provided £22.6m to fund conversion of Glasgow office building into 140-unit student accommodation, covering nearly 100% of development costs plus stabilisation loan. Demonstrates strong lender appetite for PBSA projects in university cities.
Investor Relevance
Shows available financing structures for PBSA developments, particularly office-to-residential conversions. Demonstrates lender confidence in student accommodation sector and provides benchmark for similar projects in university cities.
Original Source:
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