Moorfield Group

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Investec has provided a £26.07 million senior debt facility to Moorfield Group (“Moorfield”), a UK-focused real estate fund manager, to fund the development and stabilisation of a new 204-bed purpose-built student accommodation (“PBSA”) scheme in Bristol.

Situated on Freestone Road, within the Temple Meads Quarter regeneration area, the development will deliver a mix of 66% studios and 34% cluster rooms, supported by best-in-class amenities including a gym, communal lounge, games area, study spaces, laundry facilities and landscaped courtyards.

Targeting an EPC A rating and BREEAM Excellent accreditation, the scheme reflects both Moorfield’s and Investec’s commitment to delivering sustainable, future-fit assets. It benefits from a prime location opposite the University of Bristol’s forthcoming Temple Quarter Enterprise Campus, which is due to open in 2026 and will house the Business School, research centres and innovation hubs.

The development will be delivered by Watkin Jones, one of the UK’s leading PBSA contractors.

Mike Russell, Investec Real Estate, commented: “This transaction extends our partnership with Moorfield, following our £15.6 million financing of a 293-bed PBSA scheme in Lincoln, completed at the end of 2023. The Bristol facility highlights our appetite for funding high-quality living sector developments alongside proven sponsors in markets with compelling demand-supply dynamics and strong ESG credentials. Our continued work with Moorfield demonstrates Investec’s ability to deliver flexible solutions that support best-in-class sponsors across the UK.”

Charles Ferguson-Davie, Chief Investment Officer at Moorfield Group, said: “This latest financing with Investec enables us to deliver another high-quality PBSA asset, providing much-needed accommodation for Bristol’s growing student population. Investec’s deep understanding of the sector and flexible approach makes them a trusted long-term partner, and we are pleased to continue building on our relationship through this flagship development.”