Investec provides €55m refinancing for London PBSA provider

International bank and wealth manager Investec Bank has provided a £46.9 mln (€55.4 mln) senior investment loan to YourTribe, a London-based student accommodation provider.

YourTribe Elephant & Castle

This funding will refinance YourTribe's recently completed 226-bed purpose-built student accommodation (PBSA) in Elephant & Castle.

This deal is Investec's second with YourTribe, building on a two-decade relationship with the borrower group, following its earlier £37 mln (€43.7 mln) facility for the group's South Bermondsey PBSA scheme.

The Elephant & Castle property is already occupied by students and boasts a prime location near the Underground station, offering excellent connectivity across London.

Its success is further supported by the current undersupply of student accommodation in the capital compared to student demand.

Ian Burdett, Investec Real Estate, said: “The senior investment facility provides YourTribe with certainty of execution and helps refinance a high-quality, newly completed asset, while supporting the next stage of growth for its platform. Investec continues to back experienced operators delivering professionally managed accommodation in locations with compelling market fundamentals."

James Rogers, investment director, YourTribe, said: “Investec has delivered a facility that aligns perfectly with our capital requirements and growth plans. The Elephant & Castle scheme represents exactly what we aim to deliver: professionally managed, well-located accommodation serving London's undersupplied student market.”

This deal further strengthens Investec Real Estate's strong presence in the UK student accommodation and co-living markets. In the fiscal year 2025/26, they completed £226 mln (€267 mln) in transactions, and over the past three financial years, this figure reached £462 mln (€546 mln).