£52m facility to fund new PBSA development in Edinburgh

Overview

A £52 million refinance and development loan facility for a Vita Group 267-bed purpose-built student accommodation (PBSA) scheme in Edinburgh city centre.

The development, called Vita Student New Waverley, will have commercial premises on the ground floor, is situated in the old town, a 5-minute walk from Edinburgh Waverley Station and a 15-minute walk to the University of Edinburgh’s main campus.

Vita Student’s developments are recognised as best-in-class in the PBSA market and the Edinburgh scheme will include amenities such as 24/7 security, a state of the art onsite gym, bike hire and storage, bookable private dining and study rooms and every bedroom will feature a high-quality fitout with 43” smart TVs and floor to ceiling windows.

Developed and operated by Vita Student, the scheme is targeting completion for incoming students during the September 2026 academic year.

Figures are subject to rounding.