Walker & Dunlop secures €164m refinancing for London PBSA

Walker & Dunlop EMEA Capital Markets arranged a £140 mln (€163.6m) refinancing deal for Canvas Arthur House, a 770-bed student accommodation in Wembley, London. 

Claudio Sgobba

The EMEA team, acting as exclusive advisors to Greystar, secured the loan from Aareal Bank and Mizuho to refinance the property's existing development loan. 
Completed in July 2025, Canvas Arthur House offers a range of modern student living options and extensive amenities, including a gym, cinema, study areas, and a 24-hour concierge. 
The property is also targeting BREEAM 'Excellent' certification and an EPC 'A' rating.
Sgobba, senior managing director and co-head of Walker & Dunlop EMEA, said: “Wembley has emerged as a leading student accommodation submarket, attracting a diverse student population thanks to its transport links to London’s major universities, alongside a vibrant retail, leisure, and nightlife scene. We are pleased to have partnered with Greystar on this transaction and believe the asset is well-positioned to capture demand for years to come.”
Bhavin Mehta, director of financial solutions at Mizuho, commented: “Canvas Arthur House is a best-in-class PBSA asset demonstrative of Greystar’s quality standard across their developments. This transaction is evidence of our ongoing strategy to finance properties which have a competitive advantage in terms of location and quality and which exhibit long-term ESG credentials.” 
Benjamin Walter, head of Alternative Living Properties, Aareal Bank, added: “We are honoured to partner with Greystar on this flagship property. Their strong UK track record will deliver long-term value, while Canvas Arthur House exemplifies their operational excellence and our commitment to financing sustainable, high-demand assets for today's students."