Investec Real Estate has announced it has provided Moorfield Group with a £15.6m facility to fund the development of a 293-bed purpose-built student accommodation campus in Lincoln. 

The development is already under construction and due to complete ahead of the 2024/25 academic year. It comprises four three-storey townhouses and a further five four-storey buildings, features will include an on-site reception and laundry facilities. 

Jonathan Long, Head of Corporate Lending at Investec Real Estate, said: “With UCAS expecting to receive one million applications annually by 2030, we remain bullish on the student accommodation sector’s compelling long-term outlook. It has an attractive, inflation-protected income profile supported by deep-rooted demographic tailwinds. Working with repeat borrowers is central to our longevity – in particular with businesses like Moorfield, who deliver high-quality specialist schemes that are key to supporting the UK’s growing student numbers.” 

This is Investec’s second student deal with Moorfield, having previously provided a £18.97m loan for the development of a 282-bed PBSA scheme in Colchester.