Precede Capital, Deva provide £112 million green development loan for Acton PBSA scheme with Nomura, Firma

XLRE•2026-09-10

Project details and sponsors

Proceeds fund a mixed-use project with 429 student bedrooms. A separate 11-storey block will deliver 95 affordable homes. Hurlington Capital and the V Fund are the sponsors. Planning consent was secured in May 2024.

Timeline and sustainability targets

Completion is targeted for the 2028/29 academic year. The scheme is targeting EPC A and BREEAM Excellent for PBSA.

Loan for Acton student-led residential scheme

Precede Capital originated a GBP 112 million green development loan for the Bollo Lane student-led residential scheme in Acton, West London. Deva Capital joined as lender. Nomura and Firma Partners provided back-leverage funding for the facility.

Sources

Precede Capital, Deva provide £112 million green development loan for Acton PBSA scheme with Nomura, Firma

Publicnow

Precede Capital, Deva provide £112 million green development loan for Acton PBSA scheme with Nomura, Firma

Project details and sponsors

Timeline and sustainability targets

Loan for Acton student-led residential scheme

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Sources

Precede Capital, Deva provide £112 million green development loan for Acton PBSA scheme with Nomura, Firma

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