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Cynergy backs two Glasgow student accommodation schemes
23 October 2026 | Loan | UK | 147 units | Development
The funding aims to help deliver 147 self‑contained studios across two city‑centre sites.
Key details
Asset type | Development |
Location | Glasgow, UK |
Capacity | 147 units |
Borrower | Undisclosed |
Lender | Cynergy Bank |
Value | Undisclosed |
Source: Cynergy Bank
Cynergy Bank is financing the development of two student accommodation schemes in Glasgow city centre, which will deliver a total of 147 self‑contained studio apartments across two separate sites.
Strategic context
The Glasgow financing follows Cynergy's previously announced £15.1 million facility for Student Lux in Canterbury. That earlier project is located near the University of Kent and links loan pricing to occupancy, demonstrating the bank's experience in financing student accommodation.
The two Glasgow developments extend the bank's lending activity into another major university city and a city‑centre studio format.
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