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Green debt package backs more than 840 West London PBSA beds
9 September 2026 | Development finance | UK | more than 840 beds | Development
Precede Capital and Deva Capital have signed two green whole‑loan facilities for separate West London student housing schemes.
Key details
Asset type | Development |
Location | London, UK |
Capacity | More than 840 beds |
Borrowers (developers) | Hurlington Capital & V‑Fund / Tide Construction |
Lender 1 | Precede Capital Partners |
Lender 2 | Deva Capital |
Value | c. £200 million |
The facilities will finance two separate PBSA schemes providing more than 840 student beds, almost 100 affordable homes and commercial space.
Both loans are aligned with the Green Loan Principles and will support projects targeting BREEAM Excellent ratings. The developments are designed without fossil‑fuel systems and will use air‑source heat pumps and solar generation.
Deva Capital, the private credit arm of Santander Alternative Investments, is partnering with Precede for the first time.
Strategic context
The package demonstrates that large‑ticket development debt remains available for well‑located London PBSA despite a selective lending environment. It also establishes a relationship between Precede and Deva that could support further institutional capital deployment into UK living assets.
The combination of student beds and affordable housing strengthens the schemes' planning and social value while adding supply in a structurally constrained market.
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