Purpose-Built Student Accommodation


Office conversion to deliver 288 student beds in Glasgow
£35.3m development facility to support the conversion of an office building into purpose-built student accommodation.
We are providing a 16-month development facility to convert a Glasgow office building into 288 student beds under permitted development rights.
The scheme will provide 163 studios and 125 cluster rooms, alongside a cinema, gym and shared spaces for study and socialising. Flow Student will manage the completed scheme. MCR Group launched their student brand in early 2026 to bring its UK student accommodation portfolio under one name.
The University of Strathclyde, Glasgow Caledonian University and City of Glasgow College are all within a 15-minute walk, and the University of Glasgow is around 20 minutes away by subway.
Gross Loan
£35.3m
Term
16 months
LTV
70%
Units Created
288
Exit Method
Sales
We specialise in providing tailored loan solutions for professional residential property developers. We offer choice and value, including variable and fixed rate options up to 70% LTGDV on loans between £3m to £40m. Our team of property professionals are expert in structuring the right finance solutions for your project – whether you have land with planning, are undertaking a permitted development, or are converting an existing building.
Read moreWe have extensive experience in providing finance solutions for care home developers and operators. Our facilities are structured to support every stage of your care home development project, from acquisition, development and stabilisation of the asset.
Read moreWe recognise the importance of fast decisions and approvals for short-term financing requirements that will enable you to act quickly. As a specialist lender, our team of lawyers, surveyors, and credit experts can craft custom and transparent lending solutions for property acquisition, planning gain, and developer exit. You also have the benefit of being able to leverage our development finance expertise for longer-term finance requirements.
Read moreWe specialise in providing lending solutions that can be customised to meet the unique needs and requirements of build-to-rent projects. We offer competitive variable and fixed rate options and terms, which will ensure optimisation of the project's financial performance and return on investment.
Read moreWe work with professional developers of PBSA schemes across the UK, providing customised finance facilities that align with the unique requirements of PBSA development and support build programmes to meet academic intake dates.
Read more

