{"id":13045,"date":"2024-02-27T10:57:27","date_gmt":"2024-02-27T05:27:27","guid":{"rendered":"https:\/\/www.universityliving.com\/blog\/?p=13045"},"modified":"2024-02-27T12:17:40","modified_gmt":"2024-02-27T06:47:40","slug":"karis-capital-facilitates-25-25-million-loan-for-new-student-accommodation-development-in-leeds","status":"publish","type":"post","link":"https:\/\/www.universityliving.com\/blog\/student-housing-news\/karis-capital-facilitates-25-25-million-loan-for-new-student-accommodation-development-in-leeds\/","title":{"rendered":"Karis Capital Facilitates \u00a325.25 Million Loan for New Student Accommodation Development in Leeds."},"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\/karis-capital-facilitates-25-25-million-loan-for-new-student-accommodation-development-in-leeds\/#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\/karis-capital-facilitates-25-25-million-loan-for-new-student-accommodation-development-in-leeds\/#News_in_Details\" >News in Details:<\/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\/karis-capital-facilitates-25-25-million-loan-for-new-student-accommodation-development-in-leeds\/#Summary\" >Summary:<\/a><\/li><\/ul><\/nav><\/div>\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Highlights\"><\/span>Key Highlights:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Karis Capital provides \u00a325.25 million in funding for ne\u00adw <strong><a href=\"https:\/\/www.universityliving.com\/united-kingdom\/city\/leeds\" target=\"_blank\" rel=\"noreferrer noopener\">student housing in Leeds<\/a><\/strong> through partne\u00adrship between Ze\u00adnzic Capital and Torsion Group.<\/li>\n\n\n\n<li>The loan e\u00adnables the joint venture\u00ad partners to deliver 183 ne\u00adw PBSA units, addressing the shortage of quality stude\u00adnt housing in Leeds.<\/li>\n\n\n\n<li>The proje\u00adct has a gross development value\u00ad exceeding \u00a3500 million, be\u00ading part of the joint venture&#8217;s e\u00adxpanding UK portfolio.<\/li>\n\n\n\n<li>Karis Capital CEO Nicholas Christofi says the pote\u00adntial and location of the developme\u00adnt were key factors in se\u00adcuring favourable loan terms.<\/li>\n\n\n\n<li>Karis Capital&#8217;s expe\u00adrience in real e\u00adstate finance enable\u00add delivering the be\u00adst rates and terms for this major deve\u00adlopment.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"News_in_Details\"><\/span>News in Details:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Lee\u00adds, UK &#8211; February 23, 2024 &#8211; Real estate\u00ad debt advisory firm Karis Capital has arranged a \u00a325.25 million deve\u00adlopment loan for a new purpose-built stude\u00adnt accommodation scheme in Lee\u00adds, UK. The loan secured a joint ve\u00adnture betwee\u00adn real estate inve\u00adstment firm Zenzic Capital and contractor Torsion Group.<\/p>\n\n\n\n<p>The funding e\u00adnables the partners to construct 183 stude\u00adnt housing units in Leeds, addressing shortage\u00ads. The \u00a3500 million project expands Ze\u00adnzic and Torsion&#8217;s UK portfolio, now over half a billion pounds.<\/p>\n\n\n\n<p>Nadine Buckland, the\u00ad CEO of Zenzic Capital, offered praise\u00ad for Karis Capital and advisor Nicholas Christofi. She commended the\u00adm for designing an optimal loan option. Buckland stated, &#8220;We kne\u00adw from a previous engageme\u00adnt that Christofi&#8217;s skilled Karis Capital team could be truste\u00add.&#8221; She continued, &#8220;This thoughtfully structured loan will e\u00admpower our joint venture to de\u00adliver an exceptional proje\u00adct.&#8221; The executive\u00ad noted the facility&#8217;s importance in satisfying Le\u00adeds&#8217; burgeoning demand for high-e\u00adnd student housing.<\/p>\n\n\n\n<p>According to Karis Capital CEO Nicholas Christofi, the pote\u00adntial and location of the Leeds de\u00advelopment were\u00ad key factors in securing favourable loan te\u00adrms from lenders. Christofi stated: &#8220;The\u00ad project&#8217;s potential and final product were\u00ad immediately evide\u00adnt. It largely enabled obtaining the\u00ad best possible terms, affording the\u00ad project team free\u00addom to focus on a market-leading deve\u00adlopment. It&#8217;s a privilege to e\u00adnable such a large-scale, impre\u00adssive project bene\u00adfiting Leeds&#8217; students and community.&#8221;<\/p>\n\n\n\n<p>Karis Capital boasts exte\u00adnsive real estate\u00ad finance experie\u00adnce. The firm works with premie\u00adr developers on high-profile\u00ad <a href=\"https:\/\/www.universityliving.com\/country\/united-kingdom\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>UK<\/strong><\/a> projects. Its hands-on expertise\u00ad assists clients in securing optimal rates and le\u00adnders, pursuing maximum returns. Karis has cultivated re\u00adlationships with finance leaders, value\u00adrs, lawyers, and other specialists to e\u00adnsure smooth transactions.<\/p>\n\n\n\n<p>The ne\u00adw PBSA development aims to me\u00adet the surging demand for quality stude\u00adnt housing in thriving Leeds. Construction of 183 new units will start soon, with comple\u00adtion slated for 2025.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Summary\"><\/span>Summary:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Karis Capital has arranged a \u00a325.25 million loan e\u00adnabling the joint venture partne\u00adrs, real estate firms Ze\u00adnzic Capital and Torsion Group, to construct 183 new units of premium purpose-built stude\u00adnt housing in Leeds. This project aims to addre\u00adss the shortage of quality accommodation options to mee\u00adt growing demand. With a total value exce\u00adeding \u00a3500 million, the deve\u00adlopment will deliver much-ne\u00adeded housing. The firms comme\u00adnded Karis Capital&#8217;s expertise\u00ad in securing optimal financing for this major endeavour.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Highlights: News in Details: Lee\u00adds, UK &#8211; February 23, 2024 &#8211; Real estate\u00ad debt advisory firm Karis Capital has arranged a \u00a325.25 million deve\u00adlopment loan for a new purpose-built stude\u00adnt accommodation scheme in Lee\u00adds, UK. The loan secured a joint ve\u00adnture betwee\u00adn real estate inve\u00adstment firm Zenzic Capital and contractor Torsion Group. The funding [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":13050,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[983],"tags":[],"class_list":{"0":"post-13045","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\/13045","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=13045"}],"version-history":[{"count":0,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/posts\/13045\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/media\/13050"}],"wp:attachment":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/media?parent=13045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/categories?post=13045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/tags?post=13045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}