Developer secures £100m loan for major Glasgow student accommodation build

Rival student towers set for Charing Cross face-off : April 2025 : News : Architecture in profile the building environment in Scotland - Urban Realm

A student housing developer has obtained funding to progress an 18-storey tower on Glasgow's India Street. Vita Group has secured £100m from Eldridge Real Estate to progress the venture, in the shadow of an even larger 36-storey tower , to house students at the University of Glasgow and Glasgow Caledonian University. Groundworks are already underway for the Sheppard Robson...

Developer secures £100m loan for major Glasgow student accommodation build

VITA Group has secured a loan of around £100 million from Eldridge Real Estate Credit for the build of a 591-bed purpose-built student accommodation scheme in Glasgow. The project will mark the ninth financing transaction between the two companies, bringing the total support to almost £1 billion and the delivery of nearly 7,000 student rooms. The latest scheme will be built on Glasgow’s India Street by McAleer & Rushe, with construction anticipa…