Investec Bank has provided a £46.95m senior investment loan to purpose-built student accommodation operator YourTRIBE for its 226-bed scheme in Elephant & Castle, south London. The facility refinances the existing lender and supports continued investment across the YourTRIBE platform.
The transaction marks Investec’s second completed deal with the group, following a £37m facility for YourTRIBE’s South Bermondsey PBSA scheme. The relationship between Investec and the wider borrower group spans more than 20 years.
Operational scheme in undersupplied market
The scheme is already trading with students in occupation. Located close to Elephant & Castle Underground Station, the development sits within a market characterised by structural undersupply of student beds relative to demand, according to Investec.
“This transaction reflects Investec’s long-standing relationship with the YourTRIBE borrower group and its continued support for the business as it expands across the London PBSA market,” said Ian Burdett of Investec Real Estate.
James Rogers, YourTRIBE’s investment director, said: “Investec has delivered a facility that aligns perfectly with our capital requirements and growth plans. The Elephant & Castle scheme represents exactly what we aim to deliver; professionally managed, well-located accommodation serving London’s undersupplied student market.”
Investec’s PBSA track record
The transaction adds to Investec Real Estate’s activity in UK student accommodation and co-living, with the lender completing £226m of transactions during FY2025/26 and £462m across the last three financial years. The deal comes as property firms continue to strengthen their teams to support growth in specialist sectors.
The student accommodation sector has attracted significant investment in recent years, with operators targeting locations near major universities and transport hubs. While broader UK housing market forecasts have been adjusted, the PBSA market continues to benefit from structural undersupply relative to student numbers.
The refinancing provides YourTRIBE with capital to support the next stage of growth for its platform, according to Investec, as the operator expands its presence across the London PBSA market.