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M&G Investments lends GBP125 million to student housing firm Urbanest

M&G Investments has provided Urbanest with a £125m (€141.3m) loan to finance the UK student housing group’s development scheme in London. 
M&G will fund the construction of Urbanest City, a 654 student beds scheme in Aldgate. The scheme will provide 60,000sqft of office accommodation.  
The building is scheduled for completion in 2021 and will be offered exclusively to students from King’s College London (KCL) through a long-term nominations agreement. 
IPE Real Assets – 26 November 2018