Future Generation secures loan for Sheffield scheme
Future Generation has refinanced a £39m development loan that will partly fund construction of the third phase of a Sheffield student accommodation scheme.
It comes at the end of five days of dealmaking for the company, which saw it secure another £55m development loan to construct two other student schemes in Loughborough and Nottingham.
The work on the final phase of Steel City, Sheffield, is being funded by the refinancing of another Maslow Capital development loan that covered construction of both Steel City and the completed Future Generation student scheme, Hythe Mills, in Colchester, Essex ..