Real Estate

Hampshire funds Stoke-on-Trent student development

Hampshire Trust Bank has completed a £10.92 million development finance facility to support the construction of a 202-bed purpose-built student accommodation (PBSA) scheme in Stoke-on-Trent.

The project comprises a six-storey building with 202 one-bed studio flats, alongside a study lounge, shared lounge, gymnasium, games room, communal garden, and roof terrace—offering students modern, high-quality accommodation.

Pippa Betts, relationship manager at HTB, said: “We want to thank everyone who has been involved in the funding of this scheme, all playing a critical part.

“This includes the introducing broker, Sarah, who has been fantastic from start to finish, and worked ferociously to achieve the best result for her client.

“As always with PBSA transactions, having a robust programme of works in place is crucial.

“We’re confident that this is an incredibly capable client and contractor who’ll achieve practical completion in time for the 2025 student intake.”

Hampshire Trust collaborated with junior lender CapitalStackers, who provided a £1.525 million facility to support the development.

With practical completion scheduled for August 2025, to meet the September student intake, the tight timeline required rapid action to avoid delays.

Before the facility was finalised, the borrower had been using their own cash reserves to keep the project moving.




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