Kinetic Capital closes loan to CKC to develop new purpose-built student accommodation in Guildford
We are delighted to announce the completion of a loan to CKC Properties for the development of a new Purpose-Built Student Accommodation (PBSA) scheme in Guilford, due to open for the start of the 23/24 academic year.
The loan includes our unique ESG incentives focused on promoting the positive mental health and wellbeing of student residents. It will fund the development of 79 studios and generous amenity spaces across 3 buildings.
CKC is an experienced PBSA developer, with a pipeline of over 750 student beds located in major UK university markets. JSK Capital acted as the debt advisor to CKC on the transaction.
Steve Grant—Chief Executive Officer, Kinetic Capital
“We’re really pleased to close this deal and to start a new relationship with CKC, in a strong university market with compelling demand and supply fundamentals. We continue to focus on broadening our product offering and expanding our geographical strategy into mainland Europe as we look to capitalise on the resilience and continued growth of the PBSA sector across Europe.”
Geoff Thomas – Managing Director, CKC
“We’re delighted to be partnering with Kinetic on this project, and have been very impressed with their efficiency and flexibility on this deal. Working with Kinetic as the leading specialist lender in the PBSA market is a real differentiator, and we look forward to working with them on further opportunities.”
About CKC Properties
CKC is a privately owned group of companies specialising in real estate development, investment, and construction. The CKC team has nationwide market knowledge, with over 30 years’ experience in delivering commercial and residential developments in the UK and Europe. The primary focus is in the residential sector, including student accommodation, affordable housing, and private residential.
Further information about CKC can be found via its website www.ckcltd.co.uk
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