Fiera Real Estate Invests in UK Student Housing with £77m Loan to YourTRIBE
Fiera Real Estate’s European debt business has invested £77m in UK student housing provider YourTRIBE, providing a loan to refinance two recently developed student housing projects in South East London.
Student housing in London
The loan is being used to fund two student housing developments: a 250-bed scheme in South Bermondsey and a 267-bed scheme in Peckham. This investment underscores YourTRIBE’s commitment to providing top-tier student accommodation in London, enhancing student living experiences through innovation, sustainability, and community engagement.
“Partnering with Fiera Real Estate Debt Strategies underscores our commitment to providing top-tier student accommodation in London. These newly refinanced assets not only meet the pressing demand for quality housing but also exemplify our dedication to enhancing student living experiences through innovation, sustainability, and community engagement.” - James Rogers, Investment Director at YourTRIBE
The student accommodation sector continues to be a resilient asset class, underpinned by a widening supply vs demand imbalance. This is particularly pronounced in the capital city, where the student to bed ratio is in excess of 3.5, among the highest in Britain.
London cityscape
Fiera Real Estate Debt Strategies has been actively investing in the UK and Iberian markets, committing over £200m into these regions. Notably, more than 50% of this capital has been allocated to the student accommodation sector, highlighting the company’s conviction in this asset class.
“We are thus pleased to partner with YourTribe on these newly established student accommodation assets, which promise to deliver an exceptional experience for students and the broader community.” - Richard Howe, Co-Head of Fiera’s European Real Estate Debt business
In April last year, Fiera Real Estate secured £100m seed capital for its newly launched open-ended pan-European real estate debt fund. The strategy will initially focus on the UK market before expanding to select continental European markets, investing across multiple sectors such as residential, logistics, grade-A offices, leisure assets, and hotels.
Student accommodation in the UK
Fiera Real Estate’s investment in YourTRIBE demonstrates the company’s commitment to providing high-quality student housing in the UK, meeting the growing demand for accommodation in this sector.