Aviva Investors has provided a green loan to fund the construction of a UK purpose-built student accommodation (PBSA) scheme being developed by Fabrix and Patrizia.
The loan for the 283-unit scheme in London marks the first PBSA investment made by the Aviva Investors Multi Sector Private Debt Long Term Asset Fund (LTAF) since its launch, following previous investments into the office and logistics sectors.
The 134,000sqft scheme, situated on Walworth Road in Elephant & Castle, is the first project for Fabrix and Patrizia’s London affordable and alternative housing venture. The scheme is expected to be completed in 2028.