Mercia secures £32.5m to fuel student accommodation scheme
A £32.5m funding package will support the first phase of Mercia Real Estate’s 411-bed Purpose Built Student Accommodation (PBSA) scheme in Edgbaston.
The funding from Paragon Bank’s Development Finance division will be used to refinance an existing land loan on the two commercial units occupying the site and start converting the first site to student accommodation.
Located on 12 Calthorpe Road in Edgbaston, the existing office complex contains two buildings connected by a link block. Previously used as offices by HSBC, one ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
