Barings has provided a £140m ($195m) eight-year fixed rate loan to the London Student Accommodation Venture (LSAV) for two London student accommodation properties, which are being acquired by LSAV from Unite Students for £342m.
The properties are located in Wembley and Whitechapel and have 1,358 bed spaces, of which the majority are directly let to students. Unite Students will continue to manage and operate the two London properties under its management agreement with LSAV.