"As the demand for student accommodation continues to grow, this project will be an important addition to Southampton’s housing market"
- Andreas Yianni - Pivot Finance
Pivot Finance has announced that it has successfully provided a £3m land bridge facility to support the acquisition of a prime city-centre site in Southampton, set to be transformed into 257 purpose-built student accommodation units.
The funding enabled the developer to proceed with the delivery of high-quality student living spaces in one of the UK’s most in-demand university cities. As ever, speed was a critical factor in the transaction, with the client needing to complete the purchase within a tight timeframe.
Pivot Finance was able to complete the transaction within just three weeks of the application and only five weeks from when planning permission had been granted. The ability to provide certainty of funding at pace was instrumental in securing the site and allowing the client to move forward without delay.
With 257 student units planned across a six-storey and a three-storey building, the development is expected to make a significant contribution to the local student housing market.
"This transaction is a great example of how Pivot Finance delivers flexible and well-structured funding solutions to support ambitious development projects," explained Andreas Yianni, Commercial Director at Pivot Finance, “The site’s location and the developer’s expertise made this a compelling opportunity, and our ability to move quickly ensured they secured the site without delay.
“As the demand for student accommodation continues to grow, this project will be an important addition to Southampton’s housing market,"
