{"id":10886,"date":"2026-05-08T01:03:06","date_gmt":"2026-05-08T01:03:06","guid":{"rendered":"https:\/\/second-home.uk\/?p=10886"},"modified":"2026-05-08T01:03:06","modified_gmt":"2026-05-08T01:03:06","slug":"bristol-student-scheme-secures-40m-funding-package","status":"publish","type":"post","link":"https:\/\/second-home.uk\/?p=10886","title":{"rendered":"Bristol student scheme secures \u00a340m funding package"},"content":{"rendered":"

A 135-bed student accommodation development in central Bristol has secured a \u00a340 million funding package structured by Arc & Co, combining senior debt from Downing LLP and equity investment from Hame Capital in a joint venture with sponsor Colico Living.<\/p>\n

The financing comprises approximately \u00a326 million in senior development debt from Downing, alongside a preferred equity investment from Hame Capital. The structure represents a 68% loan-to-gross development value ratio and 77% loan-to-cost, designed to support the project through to completion and stabilisation.<\/p>\n

Complex transaction process<\/h2>\n

The transaction required over a year of advisory work, according to Corey Dennis, senior broker at Arc & Co. The process involved navigating a selective capital markets environment, managing valuation challenges, and facilitating a complete redraft of the planning application to address amenity space requirements before securing approval.<\/p>\n

\u201cThis was a complex, multifaceted transaction given the scale of the project and the extensive planning process,\u201d Dennis said. \u201cWe carefully structured the funding package to ensure the scheme was fully capitalised while supporting the sponsor\u2019s overall strategy.\u201d<\/p>\n<\/p>\n

Market conditions<\/h2>\n

Dennis noted a shift in developer behaviour in response to current market conditions. \u201cWe are seeing a market shift where developers are moving towards asset stabilisation over disposals, due to the slower sales market, which naturally impacts liquidity,\u201d he said. This trend aligns with recent data showing a quarter of UK property sellers withdrawing from the market<\/a>, reflecting broader challenges in transaction volumes.<\/p>\n

Will Powell, investment director at Downing, confirmed the completion of the funding package. \u201cWe were delighted to close this significant funding package for an experienced and capable sponsor delivering a well-designed student scheme in central Bristol,\u201d he said. \u201cThe financing came with a number of complexities concurrent with this type of deal.\u201d<\/p>\n

Development timeline<\/h2>\n

The scheme is positioned to serve Bristol\u2019s two universities and is set to progress through Gateway 2, with construction expected to begin in early 2027. The funding provides 100% capitalisation aligned with the project\u2019s 43-month build programme.<\/p>\n

The transaction was completed with contributions from Scott Harvey at Hame Capital and Will Powell at Downing LLP. The slower sales environment referenced by Dennis has prompted developers to reconsider exit strategies, with more opting to hold assets through to stabilisation rather than pursuing immediate disposal.<\/p>\n","protected":false},"excerpt":{"rendered":"

A 135-bed student accommodation development in central Bristol has secured a \u00a340 million funding package structured by Arc & Co, combining senior debt from Downing LLP and equity investment from Hame Capital in a joint venture with sponsor Colico Living. The financing comprises approximately \u00a326 million in senior development debt from Downing, alongside a preferred […]<\/p>\n","protected":false},"author":1,"featured_media":8321,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-10886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-second-home"],"yoast_head":"\nBristol student scheme secures \u00a340m funding package - Second Home<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertywire.com\/news\/uk\/bristol-student-scheme-secures-40m-funding-package\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bristol student scheme secures \u00a340m funding package - Second Home\" \/>\n<meta property=\"og:description\" content=\"A 135-bed student accommodation development in central Bristol has secured a \u00a340 million funding package structured by Arc & Co, combining senior debt from Downing LLP and equity investment from Hame Capital in a joint venture with sponsor Colico Living. 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