UK: London based investment group Curlew Capital has secured a £15.million green loan funding package from HSBC UK.
Curlew will use the loan to refinance PBSA properties in Exeter and Falmouth. Both properties qualify as Green Buildings under HSBC’s Green Loan Eligibility Criteria.
The funding will also enable Curlew Capital to introduce further energy efficient measures such as LED and PID lighting and automatic metre reading capability.
Brett Robinson, CFO at Curlew Capital, said: “Funding from HSBC UK has allowed us to maintain our commitment to sustainability. With this support, we will continue to provide secure and comfortable student accommodation sites with much improved energy efficiency. We look forward to continuing to expand our development portfolio in the future.”
Kevin Dawson, relationship director at HSBC UK, added: “Funding Curlew Capital re-affirms our commitment to provide innovative, sustainable investment finance solutions. The financing-package has allowed Curlew Capital to invest in high-quality student accommodation sites and ensures their energy efficiency is recognised.”
The Exeter site on Cheeke Street, known as The Barn, has an Energy Performance Certificate Rating of B and has achieved a BREEAM rating of Very Good. It consists of a six-storey block containing 150 bed spaces and additional amenities, including communal dining area, games facilities, a full-sized gym and an outdoor courtyard.
The Falmouth buildings at Packsaddle Hill have an Energy Performance Certificate Rating of B and comprise three blocks of four-storey accommodation, containing a total of 124 beds.
