"PBSA remains a highly active sector for Arc & Co., and we were very pleased to support the sponsor on this important Nottingham scheme"
- Philip Kay - Arc & Co.
Arc & Co. and Hampshire Trust Bank (HTB) have completed a £21.5m development facility to support a 210-bed purpose-built student accommodation (PBSA) scheme in central Nottingham.
The sponsor, an experienced developer, appointed Arc & Co. to structure and arrange the facility, with HTB providing the development funding. Construction has begun, with completion targeted ahead of the 2027 student intake.
Nottingham, home to the University of Nottingham and Nottingham Trent University, remains a key regional student market, where demand continues to exceed supply. The development will deliver 210 new bed spaces in a high-quality scheme designed to meet the needs of the growing student population.
Lender and arranger perspectives
“PBSA remains a highly active sector for Arc & Co., and we were very pleased to support the sponsor on this important Nottingham scheme,” said Philip Kay, director at Arc & Co. “Our role was to structure and arrange a funding solution that aligned with the developer’s requirements, and HTB proved to be an excellent partner throughout the process. Their ability to navigate the complexities of a transaction of this scale and deliver with certainty made them the right lender for this project.”
“This was a significant opportunity to support a new to bank client on a complex PBSA scheme,” explained Andrew Dignum, lending director at HTB. “The £21.5m facility underlines HTB’s capability in structuring and funding large student accommodation developments in key regional markets, and it has been a pleasure to work in partnership with Arc & Co. to deliver this transaction. We look forward to seeing the scheme progress and to building on this new relationship.”
“Student accommodation remains one of the most resilient sectors in regional property markets, with Nottingham a prime example of a location where demand continues to exceed supply,” added Neil Leitch, managing director of development finance at HTB. “Transactions of this scale and complexity require specialist sector knowledge and certainty of funding. At HTB we are building a strong PBSA track record, and this facility reinforces our role as a trusted partner for complex regional development.”
