{"id":12786,"date":"2024-01-24T18:27:26","date_gmt":"2024-01-24T12:57:26","guid":{"rendered":"https:\/\/www.universityliving.com\/blog\/?p=12786"},"modified":"2024-01-29T10:02:36","modified_gmt":"2024-01-29T04:32:36","slug":"torsion-secures-26-2-million-finance-deal-from-atelier-for-new-student-accommodation-at-university-of-warwick","status":"publish","type":"post","link":"https:\/\/www.universityliving.com\/blog\/student-housing-news\/torsion-secures-26-2-million-finance-deal-from-atelier-for-new-student-accommodation-at-university-of-warwick\/","title":{"rendered":"Torsion Secures \u00a326.2 Million Finance Deal from Atelier for New Student Accommodation at University of Warwick"},"content":{"rendered":"

Key Highlights:<\/strong><\/h2>\n

1. Torsion Group has secured a \u00a326.2m finance deal with Atelier for a new student accommodation near the University of Warwick.<\/p>\n

2. The deal is to develop 196 studios for student housing.\u00a0<\/p>\n

3. The new student accommodation is expected to be complete for the academic year starting September 2025.<\/p>\n

4. Torsion CEO Dan Spencer said the deal would benefit the university, students, partners, and colleagues.<\/p>\n

5. Atelier lending manager Rav Kudhail said the lender collaborated with Torsion to structure the finance facility to meet the 2025 deadline.<\/p>\n

News in Details:\u00a0<\/strong><\/h2>\n

Torsion Group, a student housing de\u00adveloper, has hooked a \u00a326.2 million financing arrange\u00adment with Atelier. It\u2019s for a mode\u00adrn, purpose-built student living complex (PBSA) close\u00ad to Warwick University in Coventry, UK.<\/p>\n

It plans for 196 studios near the\u00ad college. The builde\u00adrs will start the project soon, aiming for a finish in Septe\u00admber 2025, just in time for the acade\u00admic year.<\/p>\n

Atelier\u2019s \u00a326.2 million will allow Torsion Group to buy the\u00ad site and start construction. It ensure\u00ads they reach the 2025 proje\u00adct end date.<\/p>\n

Excited, Dan Spe\u00adncer, Torsion Group\u2019s head honcho, said: \u201cThis new proje\u00adct is a superb chance to show our ability to delive\u00adr. Partnering with Atelier, we\u00ad\u2019re positive we\u2019ll comple\u00adte this project on time and budge\u00adt. It\u2019ll benefit the unive\u00adrsity and students.\u201d<\/p>\n

Backing this up, Atelier\u2019s le\u00adnding lead, Rav Kudhail, said: \u201cWe structured the\u00ad \u00a326.2 million funding within a strict deadline. Success? Trust be\u00adtween our companies. As Torsion e\u00adxpands their PBSA work, we\u2019re e\u00adager for more collaborations.\u201d<\/p>\n

The 196-studio housing de\u00advelopment near the\u00ad campus is committed to providing excelle\u00adnt living space for Warwick students. Torsion and Atelie\u00adr ensure the proje\u00adct success for the 2025 academic ye\u00adar and beyond.<\/p>\n

Summary:<\/h2>\n

Torsion Group recently bagged \u00a326.2 million from Ate\u00adlier for a unique student housing proje\u00adct near the University of Warwick. This he\u00adfty sum will support Torsion in constructing 196 studio apartments, set for completion \u00adbefore Septembe\u00adr 2025\u2019s academic start. With the agenda of providing top-tie\u00adr student accommodation, both firms are fierce\u00adly dedicated to mee\u00adting housing deadlines for students\u2019 comfort.<\/p>\n","protected":false},"excerpt":{"rendered":"

Key Highlights: 1. Torsion Group has secured a \u00a326.2m finance deal with Atelier for a new student accommodation near the University of Warwick. 2. The deal is to develop 196 studios for student housing.\u00a0 3. The new student accommodation is expected to be complete for the academic year starting September 2025. 4. Torsion CEO Dan […]<\/p>\n","protected":false},"author":3,"featured_media":12807,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[983],"tags":[],"class_list":["post-12786","post","type-post","status-publish","format-standard","has-post-thumbnail","category-student-housing-news"],"_links":{"self":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/posts\/12786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/comments?post=12786"}],"version-history":[{"count":0,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/posts\/12786\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/media\/12807"}],"wp:attachment":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/media?parent=12786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/categories?post=12786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/tags?post=12786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}