Specialist real estate finance provider Maslow Capital has announced a £116.6 million development facility to fund a major new purpose-built student accommodation (PBSA) project in Wembley, London.

The funding, provided to developer YourTRIBE, will support the construction of 609 student beds and over 12,000 sq ft of commercial space. The development, situated near Wembley Stadium, consists of three blocks reaching up to 27 storeys. Following Gateway 2 approval late last year, HG Construction has been appointed as the main contractor, with the project slated for completion in the summer of 2028.

The premium scheme is designed with an extensive range of amenities including co-working spaces, a gym, cinema, podcast studio, games room, and private dining areas.

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This transaction marks the second collaboration between Maslow Capital and YourTRIBE, following a previous £114 million deal for sites in Walthamstow and Greenwich. To date, Maslow has provided £230.6 million in total lending to the developer, facilitating the delivery of 1,247 student units across the capital.

Sky Mapson, Senior Director of Origination at Maslow Capital, said: "Maslow Capital has built a strong reputation as a dependable development finance partner to the student accommodation sector, combining deep PBSA underwriting expertise with certainty of execution. Completing a second transaction with YourTRIBE reflects the strength of that relationship and our shared focus on delivering high-quality accommodation at scale in London."

Rachael Gordon, Head of Deal Execution (UK & Europe) at Maslow Capital, noted that London's PBSA market remains strong due to a persistent supply gap. She added: "As more projects progress through the Building Safety Act gateways, the ability to structure and execute funding with clarity and pace is increasingly important, and we are pleased to support a scheme that is now underway and targeting delivery in summer 2028."

James Rogers, Investment Director at YourTRIBE, commented: "Securing development funding from Maslow Capital once again is a strong endorsement of both our platform and Wembley scheme. Their continued backing provides real momentum as we move into construction and deliver a best-in-class living experience for students in Wembley."