Insights > Deals
Aldermore lends £14 million for student housing conversion
28 October 2026 | Loan | UK | 100+ beds | Re‑development
The facility supports an experienced property developer converting office space into student accommodation in Southwest England.
Key details
Asset type | Re‑development |
Location | Southwest England |
Capacity | 100+ beds |
Borrower | Undisclosed |
Lender | Aldermore Bank |
Value | £14 million |
Working alongside the developer's broker, Aldermore structured the £14 million facility to support the delivery of 22 residential units with more than 100 student beds.
Strategic context
The transaction builds on Aldermore's track record in the student accommodation sector, which includes £46 million in funding for Kexgill to support 1,226 student bedrooms, and extends the bank's lending activity into office‑to‑student accommodation conversions.
SUBSCRIBE TO STUDENT HOUSING INSIDER
Stay close to the student housing market
Subscribe to Student Housing Insider for a weekly update on student housing transactions, development pipeline, market trends and selected BONARD analysis.
Designed for investors, developers, operators, lenders and market participants tracking the student housing sector.