Fusion says deal will bankroll more than 3,000 beds
Fusion Group has secured a 拢500m loan to finance the development of five schemes.
The student housing developer and operator says the facility from Maslow Capital will fund 3,138 purpose-built beds.
The schemes will be delivered in Birmingham, London, Loughborough, Glasgow and Cardiff and are due for completion in 2027 and 2028.
The deal is understood to be one of the largest single-lender funding packages seen to date in the UK鈥檚 purpose built student accommodation market.
Fusion has delivered over 5,000 beds so far and as of last year had a development pipeline worth 拢2.2bn in gross development value, set to deliver almost 10,000 more student beds
Daniel Harris, chief investment officer at Fusion, said: 鈥淭his landmark deal is a testament to the attractiveness of the UK鈥檚 living sectors and, in particular, the purpose-built student accommodation market in which Fusion has built a successful track record.鈥�
The UK鈥檚 PBSA market has been growing rapidly recently, along with other living sectors. In January, Savills published analysis showing investment in PBSA reached 拢3.5bn in 2024, up 13% year-on-year.
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