{"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":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"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\/#Key_Highlights\" >Key Highlights:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"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\/#News_in_Details\" >News in Details:&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"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\/#Summary\" >Summary:<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Highlights\"><\/span><strong>Key Highlights:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>1. Torsion Group has secured a \u00a326.2m finance deal with Atelier for a new student accommodation near the University of Warwick.<\/p>\n<p>2. The deal is to develop 196 studios for student housing.&nbsp;<\/p>\n<p>3. The new student accommodation is expected to be complete for the academic year starting September 2025.<\/p>\n<p>4. Torsion CEO Dan Spencer said the deal would benefit the university, students, partners, and colleagues.<\/p>\n<p>5. Atelier lending manager Rav Kudhail said the lender collaborated with Torsion to structure the finance facility to meet the 2025 deadline.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"News_in_Details\"><\/span><strong>News in Details:&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Torsion Group, a student housing de\u00adveloper, has hooked a \u00a326.2 million financing arrange\u00adment with Atelier. It&#8217;s for a mode\u00adrn, purpose-built student living complex (PBSA) close\u00ad to Warwick University in Coventry, UK.<\/p>\n<p>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<p>Atelier&#8217;s \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<p>Excited, Dan Spe\u00adncer, Torsion Group&#8217;s head honcho, said: &#8220;This new proje\u00adct is a superb chance to show our ability to delive\u00adr. Partnering with Atelier, we\u00ad&#8217;re positive we&#8217;ll comple\u00adte this project on time and budge\u00adt. It&#8217;ll benefit the unive\u00adrsity and students.&#8221;<\/p>\n<p>Backing this up, Atelier&#8217;s le\u00adnding lead, Rav Kudhail, said: &#8220;We 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&#8217;re e\u00adager for more collaborations.&#8221;<\/p>\n<p>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<h2><span class=\"ez-toc-section\" id=\"Summary\"><\/span>Summary:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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&#8217;s 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&#8217; comfort.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.&nbsp; 3. The new student accommodation is expected to be complete for the academic year starting September 2025. 4. Torsion CEO Dan [&hellip;]<\/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":{"0":"post-12786","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"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}]}}