Puma Property Finance (Puma) has today announced it is providing a \u00a324m development facility for\u00a0Vita Group\u2019s\u00a0latest purpose-built student accommodation (PBSA) with 269 studio rooms in Belfast City Centre.<\/p>\n
Developed and operated by\u00a0Vita Student\u00a0and targeting completion for incoming students during the September 2023 academic year. It is conveniently situated between the prestigious Queen\u2019s University and the city centre, allowing it to best service the needs of the city\u2019s full-time student population of around 45,000.<\/p>\n
Delivered to Vita Student\u2019s high brand standard, the new site offers residents the very best student living experience thanks to outstanding services including private dining and study rooms, state-of-the-art gyms and a daily events roster promoting physical and mental wellbeing<\/p>\n
Puma has a strong track record of funding student accommodation developments, with its latest funding commitment taking its total development of student bedrooms to over 2000 across 10 different student accommodation developments to date.<\/p>\n
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The development facility comes after reports of shortages in university accommodation more broadly across the UK, with recent research suggesting that the national student to bed ratio now stands at 2.39:1, with a university-only student to bed ratio standing at 3.0:1.<\/p>\n
Kevin Davidson of Puma Property Finance said:\u00a0\u201cWe\u2019re delighted to support this development in what we hope will offer best-in-class service to Belfast\u2019s bustling student population. This development will represent Vita\u2019s debut and expansion into Northern Ireland. Vita is already well-known for providing significant amounts of amenity space in comparison to other developers and this will carry across to its latest Belfast development.<\/p>\n
Moreover, with reports of widespread student accommodation shortages creating challenges across the UK, we are proud to continue our ongoing efforts to support developments of this nature.\u201d<\/p>\n
Max Bielby, Chief Operating Officer for Vita Group said:\u00a0\u201cPuma\u2019s track record in PBSA makes them the perfect finance partner for Belfast, providing the business with relevant funding to deliver this exceptional building, creating a stand-out product in this new territory.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Puma Property Finance (Puma) has today announced it is providing a \u00a324m development facility for\u00a0Vita Group\u2019s\u00a0latest purpose-built student accommodation (PBSA) with 269 studio rooms in Belfast City Centre. Developed and operated by\u00a0Vita Student\u00a0and targeting completion for incoming students during the September 2023 academic year. It is conveniently situated between the prestigious Queen\u2019s University and the […]<\/p>\n","protected":false},"author":1,"featured_media":5217,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-second-home"],"yoast_head":"\n