Developer secures £21.7m loan for student scheme in Birmingham

The development will also meet a strong demand for PBSA, as Birmingham is home to five universities.

Study Inn was founded in 2009 and provides PBSA including studio and shared serviced apartments.

The developer’s schemes include communal facilities such as a wellness centre, entertainment area, cinema suite, conference and study rooms, as well as housekeeping services and bedroom and kitchen equipment.

Atelier offers loans from £3m to £40m on residential, student accommodation and care schemes.

Rav Kudhail, lending director at Atelier, said: “The project will deliver high-quality student accommodation within the highly sought-after Calthorpe Estate in Birmingham and aligns well with our focus on backing proven PBSA developers and operators in strong locations.”

Marcus Hook, group finance director at Study Inn, said: “This was our first transaction with the Atelier team and we were impressed by their highly competitive terms, proactive approach and clear communication throughout.

“Their ability to move quickly and provide certainty of execution was important in enabling us to complete on the site acquisition and commence development within our required timeframe.”

In October 2025, the Duke of Westminster’s property company completed a £40m loan to support the acquisition and refurbishment of a student accommodation scheme in Manchester.

Last year, private equity giant Blackstone and a finance provider partnered to lend £2bn across the living sector. The loans primarily target real estate owners and developers of PBSA, co-living, rental and for-sale housing in the UK and across core markets in continental Europe.

It is intended to provide financing solutions for developers in the living sector across Europe, where there has been a rising demand for private credit.