Pivot Finance has successfully provided a £3 million land bridge facility to facilitate the acquisition of a prime city-centre site in Southampton, where 257 purpose-built student accommodation (PBSA) units will be developed.
This financing allows the experienced developer to move forward with creating top-tier student living spaces in one of the UK’s most sought-after university cities.
The project’s urgency was a key factor, as the developer needed to finalize the purchase within a compressed timeframe. Pivot Finance delivered, completing the deal just three weeks after the application and five weeks after planning permission was granted.
The ability to provide certainty of funding at pace was instrumental in securing the site and allowing the client to move forward without delay.
The site, located in Southampton City Centre, is positioned to meet the growing demand for student accommodation, driven by the city’s two major universities.
With 257 student units planned across a six-storey and a three-storey building, the development is expected to make a significant contribution to the local student housing market.
Andreas Yianni, Commercial Director at Pivot Finance, commented:
“This transaction is a great example of how Pivot Finance delivers flexible and well-structured funding solutions to support ambitious development projects.
“The site’s location and the developer’s expertise made this a compelling opportunity, and our ability to move quickly ensured they secured the site without delay.
“As the demand for student accommodation continues to grow, this project will be an important addition to Southampton’s housing market.”
So far in 2025, the lender has been on a significant growth trajectory, with several high-profile appointments and an expansion of its funding capacity.