ZSL Capital expand the diversity of their loan book with PBSA loan in Nottingham
24th July 2019
ZSL Capital today completed on another mezzanine loan facility, this time successfully deploying capital into a Purpose Built Student Accommodation (PBSA) scheme in Nottingham. The facility goes towards the completion of the project to ensure it is finished in time for the 2019/2020 student intake, with over 70% of units already reserved. The development, situated in the popular Hockley area of Nottingham, comprises a 131 bed student accommodation with two retail premises at basement and ground floor level, offering a good mix of income from cluster accommodation, studios and commercial premises.
Daryl Thorpe, co-founder and principal at ZSL Capital, commented: “This transaction signals the wider diversification strategy of ZSL to enhance our existing residential offering and move into other bed sectors, such as student accommodation, with other sectors to follow.”
ZSL were represented by Gary Richardson at Freeths LLP