Investec funds CA Ventures’ UK student accommodation debut

Investec has agreed to provide a £64m loan for North American student accommodation developer, investor and operator CA Ventures to dip its toe in the UK market. The loan will fund the development of purpose-built student accommodation with a total of 888 beds across Glasgow, Edinburgh and Sheffield. It marks Investec’s largest PBSA loan to date. In Glasgow, a 422-bed scheme will be developed adjacent to the University of Strathclyde; in Edinburgh, a 216-bed development close to Edinburgh Napier University and the University of Edinburgh will be built; and a 250-bed scheme will be built 400m from the Sheffield University