The funding from HSBC UK will also enable Curlew Capital to introduce further energy efficient measures
A London based investment group has secured an eight-figure green loan funding package from HSBC UK supporting purpose-built student accommodation across the UK.
Curlew Capital, a privately-owned investment and development management firm, has utilised a £12.5m HSBC UK green loan to refinance student accommodation properties in Exeter and Falmouth. The Exeter and Falmouth properties qualify as Green Buildings under HSBC’s Green Loan Eligibility Criteria.
The funding from HSBC UK will also enable Curlew Capital to introduce further energy efficient measures such as LED and PID lighting as well as automatic metre reading utility capabilities.
Brett Robinson, CFO at Curlew Capital, said: Funding from HSBC UK has allowed us to maintain our commitment to sustainability.
With this support, we will continue to provide secure and comfortable student accommodation sites with much improved energy efficiency. We look forward to continuing to expand our development portfolio in the future, he said.
Kevin Dawson, relationship director at HSBC UK, added: Funding Curlew Capital re-affirms our commitment to provide innovative, sustainable investment finance solutions. The financing-package has allowed Curlew Capital to invest in high-quality student accommodation sites and ensures their energy efficiency is recognised.
The Exeter site on Cheeke Street, known as “The Barn”, has an Energy Performance Certificate Rating of ‘B’, has achieved an BREEAM rating of Very Good and consists of a six-storey block containing 150 bed spaces and additional amenities, including communal dining area, games facilities, a full-sized gym and an outdoor courtyard.
Furthermore, the Falmouth buildings at Packsaddle Hill have an Energy Performance Certificate Rating of ‘B’ and comprise three blocks of four storey accommodation, containing a total of 124 beds.