Investec has provided a £46.95m senior investment facility to refinance a newly completed purpose-built student accommodation (PBSA) scheme in Elephant & Castle, supporting the continued growth of student living operator YourTRIBE.
The funding relates to a 226-bed development in the south London district, which is already operational and occupied by students.
The transaction refinances the existing lender and marks the second deal completed between Investec and YourTRIBE, following a previous £37m facility for the group’s South Bermondsey scheme.
Located close to Elephant & Castle Underground Station, the development benefits from strong transport links and sits within a London student accommodation market that continues to experience a shortage of supply relative to demand.
LONDON PBSA MARKET
Ian Burdett, Investec Real Estate, says: “This transaction reflects Investec’s long-standing relationship with the YourTRIBE borrower group and its continued support for the business as it expands across the London PBSA market.
“The senior investment facility provides YourTRIBE with certainty of execution and helps refinance a high-quality, newly completed asset, while supporting the next stage of growth for its platform.
“The scheme is already operational and well located in Elephant & Castle, an area with strong transport links and access to London’s large and diverse student population.
“Investec continues to back experienced operators delivering professionally managed accommodation in locations with compelling market fundamentals.”
DEEP PARTNERSHIP
James Rogers, Investment Director at YourTRIBE, adds: “Investec has delivered a facility that aligns perfectly with our capital requirements and growth plans.
“The Elephant & Castle scheme represents exactly what we aim to deliver; professionally managed, well-located accommodation serving London’s undersupplied student market.
“We’re pleased to deepen our partnership with a lender that understands the fundamentals of the sector and the opportunity ahead for YourTRIBE.”
This transaction builds on Investec Real Estate’s established track record in the UK student accommodation and co-living sectors, where it completed £226 million of transactions during FY2025/26 and £462 million over the last three financial years.
Investec Real Estate provides development and investment finance to private, institutional and corporate clients, supporting experienced developers, investors and operators with senior debt and other banking solutions for well-located PBSA schemes and other property-backed projects.
