UK: Specialist development finance lender Atelier is financing the development of a 205-unit PBSA scheme in Leeds.
A £30.8 million development finance loan has been provided to Torsion Group to develop the scheme on Kirkstall Road. The development will be completed in time for the October 2026 academic year.
Rav Kudhail, lending director at Atelier, said: “We worked closely with the Torsion team to structure an effective facility which will enable them to secure the site and deliver the project. Key to the success in this deal is the trust built up between all the project partners.”
Dan Spencer, chief executive of Torsion Group, said: “We are delighted to be working with Atelier on our Kirkstall Road development, which is the latest in a succession of recent deals with this leading finance provider. Their professionalism and ability to deliver customised finance facilities has been integral to securing this large PBSA development in Leeds. By leveraging Atelier’s flexible financing options, we will be able to optimise our build programme and ensure timely delivery at Kirkstall Road. Having this financial agility allows us to stay ahead of the market as demand for high-quality student housing grows. Our ongoing partnership with Atelier gives us a strong foundation to scale our presence further in the PBSA sector.”
