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Maslow Capital has agreed a £116.6M development facility for YourTribe to fund a purpose-built student accommodation scheme at Watkin Road in Wembley.
The new funding was agreed as data showed investment in the student space rose in 2025.
YourTribe's scheme, close to Wembley Stadium, will provide 609 student beds and 12.3K SF of commercial space across three blocks rising to 27 storeys. Construction is under way following Gateway 2 approval late last year and scheduled for completion in summer 2028. HG Construction has been appointed as main contractor.
The deal, introduced by Atrium RE, marks Maslow’s second transaction with YourTribe. The lender previously provided £114M of development finance for two PBSA schemes in Walthamstow and Greenwich. Combined, the facilities take Maslow’s total lending to the platform to £231M for 1,247 beds across three London projects.
Plans at Wembley include a range of amenity space spread over several levels, including concierge services, coworking areas, lounges, a gym, a cinema, a podcast studio, a games room and private dining rooms.
Rachael Gordon, head of deal execution for the UK and Europe at Maslow, said London’s PBSA market “continues to be underpinned by structural demand and a persistent supply gap, particularly for well-located, amenity-rich schemes.”
She added that as more projects move through the Building Safety Act gateways, “the ability to structure and execute funding with clarity and pace is increasingly important.”
This week, Knight Frank reported that investors spent nearly £880M on UK PBSA in the final quarter of 2025, taking full-year investment to £4.3B, a 10% rise year-on-year and only slightly below the long-run 10-year average of £4.5B.
A total of 79 deals completed over the course of the year, representing a 20% increase on 2024, and 13 portfolios traded, including five transactions over £200M.
Developers delivered 19,600 new PBSA beds across 64 schemes in 2025, a 20% uplift year-on-year, though still below the five-year pre-pandemic annual average of around 25,000 beds.
London recorded the highest level of new delivery with 4,350 beds, followed by Nottingham with 2,550 and Leeds with 1,900. A further 50,250 beds are currently under construction across the UK, Knight Frank reported.
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