“As more projects progress through the Building Safety Act gateways, the ability to structure and execute funding with clarity and pace is increasingly important, and we are pleased to support a scheme that is now underway and targeting delivery in summer 2028”
– Rachael Gordon – Maslow Capital
Maslow Capital has provided a £116.6 million development facility to YourTRIBE, funding a new purpose-built student accommodation (PBSA) scheme at Watkin Road, Wembley, London. The project will deliver 609 student beds alongside 12,275 sq ft of commercial space.
The development, located near Wembley Stadium, will comprise three blocks rising up to 27 storeys. Following Gateway 2 approval at the end of last year, construction is now underway, with HG Construction appointed as the main contractor. Completion is expected in summer 2028.
Residents will benefit from extensive amenity spaces across multiple levels, including a concierge, co-working areas, lounges, gym, cinema, podcast studio, games room and private dining spaces, supporting a premium operational offering.
This deal, introduced to Maslow by Atrium RE, is the second Maslow Capital has arranged for YourTRIBE. The lender previously provided £114 million of development finance for two PBSA schemes in Walthamstow and Greenwich. Combined, Maslow Capital’s financing to YourTRIBE now totals £230.6 million, enabling 1,247 PBSA units across three London schemes.
“Maslow Capital has built a strong reputation as a dependable development finance partner to the student accommodation sector, combining deep PBSA underwriting expertise with certainty of execution,” said Sky Mapson, senior director, origination at Maslow Capital. “Completing a second transaction with YourTRIBE reflects the strength of that relationship and our shared focus on delivering high-quality accommodation at scale in London.”
Rachael Gordon, head of deal execution (UK & Europe) at Maslow Capital, added, “London’s PBSA market continues to be underpinned by structural demand and a persistent supply gap, particularly for well-located, amenity-rich schemes.”
“As more projects progress through the Building Safety Act gateways, the ability to structure and execute funding with clarity and pace is increasingly important, and we are pleased to support a scheme that is now underway and targeting delivery in summer 2028.”
James Rogers, investment director at YourTRIBE, said, “At YourTRIBE, we design and operate our buildings around the student experience, creating environments that actively support academic success, wellbeing and community. Securing development funding from Maslow Capital once again is a strong endorsement of both our platform and the Watkin Road scheme. Their continued backing provides real momentum as we move into construction and deliver a best-in-class living experience for students in Wembley.”
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