Montagu Evans advised HG Developments on the disposal of a Purpose Built Student Accommodation development by way of forward funding.
The 227 bed scheme is well located, situated adjacent to the University of Exeter’s main campus. The development funding was provided by Aberdeen Standard Investments, with the scheme due for completion prior to the 2021/22 academic year.
“Montagu Evans were able to mobilise in a short period of time and utilise their in-depth knowledge of the funding market to rapidly identify active purchasers. They took a proactive approach during the negotiation of the funding agreement, adding value throughout the process. We look forward to continuing to undertake projects with them in the future.”
Rob Greaves, Director, HG Developments