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Refinance Secured for £161m Study Inn Portfolio

Posted by Aisling Murphy in

Image courtesy of Flickr, Creative Commons

The serviced student accommodation owner, Study Inn Group, has completed the refinancing of its £161m portfolio of student accommodation assets. The portfolio includes assets in Nottingham and Loughborough.

The Study Inn group specialise in designing, building and operating student accommodation throughout the UK.

In 2017, the Study Inn sold their first £135m portfolio to Arlington Advisors. In the five years since, they have collated a new range of properties in Bristol, Loughborough, Nottingham, and Exeter. The group has further developments currently underway in Leicester, Nottingham and Leeds.

Marcus Hook, finance director at Study Inn, said: "The refinance of development assets once they are complete and operational is a key step in consolidating the portfolio.

"This allows us to bring our completed sites into one facility with lower debt service costs, scale up to a level which can accommodate a significant number of additional rooms, and maximise our return on capital."

The group were advised by Knight Frank Capital Advisory, Gateley Legal, Cooper Parry, CBRE and Chatham Financial.

Lisa Attenborough, head of debt advisory at Knight Frank, said: "We are delighted to have advised our client Study Inn Group on the refinance of their market-leading, purpose-built operational assets located in Bristol, Loughborough, Nottingham and Exeter.

"The student accommodation sector remains attractive to a range of capital providers and this particular portfolio is a perfect demonstration of one which has maintained impressive occupancy levels throughout the pandemic."