HGP has committed £4.9m of equity, alongside developer Urban Centric, to fund the delivery of the Trafalgar House purpose-built student accommodation (PBSA) scheme in Cardiff.
The Trafalgar House transaction, which is HGP’s second with Urban Centric, will see a former office building refurbished and extended to deliver an eight-storey, 310-bedroom PBSA scheme. The PBSA development will target an EPC A rating.
Amenities at the scheme will include yoga rooms, lounges, cinemas, two roof terraces and 132 cycle spaces.
“This development reflects our shared commitment to creating modern, well-connected living spaces that enhance the student experience while contributing to the city’s vibrant community.”
Tom Larkin, Acquisitions Director, Urban Centric
Other company’s involved so far include Eversheds Sutherland, C.W. Architects, Cardiff Council and Expedite.
Since 2015, HGP has invested over half a £1bn through supporting 88 partners and supporting the delivery of 13,400 homes across the UK.
“This transaction takes the total amount of equity HGP has committed since 2015 to over £500m, which is a phenomenal achievement by the team.”
“It demonstrates the uniqueness of our proposition, with partners attracted by our track record, funding certainty and deep expertise, including access to a 20-strong senior advisor panel, as well as our commitment to delivering meaningful social impact across the UK.”
Mike Murphy, Investment Director, HGP
