Puma Property Finance

🏬 We’re delighted to announce that we have facilitated a £52 million loan facility for a Vita Group 267-bed purpose-built student accommodation (PBSA) scheme in Edinburgh city centre.   The development, called Vita Student New Waverley, will have commercial premises on the ground floor, is situated in the old town, a 5-minute walk from Edinburgh Waverley Station and a 15-minute walk to the University of Edinburgh’s main campus.   🧑🎓 Vita Student’s developments are recognised as best-in-class in the PBSA market and the Edinburgh scheme will include amenities such as 24/7 security, a state of the art onsite gym, bike hire and storage, bookable private dining and study rooms and every bedroom will feature a high-quality fitout with 43” smart TVs and floor to ceiling windows.   Developed and operated by Vita Student, the scheme is targeting completion for incoming students during the September 2026 academic year.   This scheme is the second that Puma has worked with Vita on, having previously facilitated a £24 million loan for a 269-bed PBSA development in Belfast in September 2022.   Max Bielby, Chief Operating Officer for Vita Group said: “We’re delighted to assemble our trusted partners McAleer & Rushe and Puma Property Finance so that work can get started on transforming this brownfield site into our third Vita Student residence in the city. Through this major investment into the redevelopment of New Waverley, the project will support economic growth creating new jobs for the city and provide much-needed student accommodation for Edinburgh’s growing student population.” Congratulations to the fantastic team of Paul Murphy and Kevin Davidson, our partners Vita Group & Vita Student, lawyers Burges Salmon LLP, fund monitor Dalbergia Group, valuer Cushman & Wakefield and lead building contractor McAleer & Rushe. We look forward to seeing these schemes coming to life in the coming months! You can read more here – https://lnkd.in/e6RGe4VT Eliot Kaye | Paul Frost #PBSA #PurposeBuiltStudentAccomodation #Edinburgh

🎉 As we approach the end of the year, we have been taking some time to reflect on the significant achievements across our business. We were delighted to announce earlier this year that we have hit a significant milestone – funding over £2bn of development projects, in multiple sectors (all residential and commercial asset classes), across the UK. 🎥 Watch this video to learn more about our year, including: - Over £300m of new loans delivered in 2024 across multiple sectors - Launching our groundbreaking 'Impact Lending Framework'  - Increasing access to our sector and supporting the next generation. From all the team we hope you have a wonderful festive break and we wish you a happy and prosperous 2025! Paul Frost Eliot Kaye Kevin Davidson Tarinee Wong

👇 Following the £18m loan we facilitated to Morrison Community Care Group (MCCG) to fund the development of the 81-bed new care home in Ewell, Surrey in May of this year, we’re delighted to say that ground works have started on the development. The 100% wet room development will be built over five floors with communal facilities and amenities, including a salon, cinema and restaurant. It has significant outdoor space, which is proven to have mental health benefits for residents. 🌳 The loan was our first with MCCG and represents its first development in England, having operated primarily in Scotland to date. The care home is expected to reach practical completion in the summer of 2026. We’re really looking forward to sharing further progress on the development in due course. Thanks to MCCG for sharing where they have got to so far!

📢 Development update We’re excited to share the fantastic progress that has been made on an intergenerational development in Bowdon, Manchester. In November 2023 we facilitated a £13m loan to the McGoff Group and Patrick Properties to develop a care home and children’s day nursery in the residential area of Bowdon, South Manchester. The loan is funding the development of a 51-bed care home, with each bedroom benefiting from an en-suite wet-room, and an adjoining children’s day nursery with 95 places. The existing building on the site (the Hydro) is a heritage building of significance and will be retained as part of the development. This development will be Puma’s ninth with the McGoff Group. We are incredibly proud to back this innovative care home and nursery scheme which will have an emphasis on the health, social and wellbeing benefits of intergenerational mixing – including reducing loneliness for the elderly residents and improving language development, reading and social skills for the children. Construction began at the end of November 2023, and both the care home and nursery are expected to complete in Winter 2025. The care home and nursery will be operated upon completion by the McGoff Group’s Care Home and Nursery brands. Very much looking forward to seeing the finished developments! Chris McGoff Tony Throp Chris Whyte Paul Frost Eliot Kaye

💡 ‘The strengths of the sector outweigh the challenges it has seen in recent years, and the simple demographics all but ensure its continued performance.’ 👨🏽🎓 👩🏻🎓 In an opinion piece for Green Street News: Europe, Louise Peters examines the resilience and future prospects of the purpose-built student accommodation (PBSA) sector. Despite facing challenges, including rising construction costs and financing difficulties, the sector's strengths and demographic trends suggest a promising outlook.  Read more in Louise's article (🔒): https://lnkd.in/gzF22T6w #StudentAccommodation #RealEstate #PropertyFinance  

We are looking forward to attending the LaingBuisson awards on Thursday evening where we have been shortlisted for Lender of the Year. The awards recognise outstanding achievements in our sector.    Building high-quality relationships with our development partners, including the biggest care developers in the UK is at the heart of our approach and we have funded over £500m of new care homes to date.     Best of luck to all the other finalists! Tony Throp | Paul Frost | Eliot Kaye | Kevin Davidson   #LBAwards

🍃 Our Head of Impact, Sarah Milne had the privilege of chairing a panel on ‘Navigating ESG Regulation in UK Real Estate’ at the Property Week ESG EDGE Conference on Tuesday. 💬 Sarah was joined on the panel by James Tiernan Head of Sustainability at Unite Students, Tom Jordan, Technical Director at Barr Gazetas and William Scott, Partner at Irwin Mitchell. 💡 The panel discussed the evolving landscape of corporate reporting and disclosure requirements, and how these are shaping practices down to asset-level delivery and pushing the sector towards higher standards. 🏆 Sarah was also invited to present the ‘Residential retrofit project of the year’ award at the ESG Edge Awards that evening. Many congratulations to Clarion Housing Group! #ESGEDGEPW #PropertyWeek #ESG #RealEstate #Sustainability 

Fantastic to see our Head of Healthcare Tony Throp is a finalist in the Debt Provider category at HealthInvestor’s Power List awards. For nearly 15 years, the awards have celebrated the most effective, inspiring and influential leaders in health and social care. This year’s winners will be revealed on December 3rd. Tony has been instrumental in growing Puma’s healthcare lending business since joining in 2012 and has led the team in funding over £500m of new build care homes to date. Best of luck to Tony and all the other finalists! 

🌍 In the final in our series of videos on EDGE, we explore how property developers can benefit financially by making impactful changes to their projects through the Puma Property Finance Impact Lending Framework. Through our Impact Loans, we offer direct financial incentives of up to 1% in fee reductions on final repayment. ♻️ For sustainability-focused commercial projects, we’ve partnered with independent third party Sintali to verify that an Impact Loan has achieved the necessary criteria. Sintali, an EDGE certification specialist, has created a video with their CEO, Eleni Polychroniadou, covering: ▶ What is EDGE certification? ▶ Steps to achieve EDGE standards. ▶ Levels of EDGE certification. ▶ Comparison with other certifications. 🎞️ Watch the video here: https://lnkd.in/ed5vyxTA For more information on the Framework, do get in touch! Sarah Milne #Sustainability #ImpactLending #EDGEcertification #PropertyDevelopment #NetZero

🎥 In the latest episode of Fulcrum Care Limited’s fantastic Pivotal People series, our Head of Healthcare, Tony Throp was interviewed about his journey from chemical engineering to driving change in the elderly care sector. Tony shares his vision for the future of the sector, emphasising the importance of quality-driven facilities and strong team culture.  🎤 He describes how we support developments that provide comfort for residents and foster supportive environments for care staff.  He also talks about the critical role of cultivating a thriving culture for staff and his vision for the future of elderly care in the UK. 👏 Many thanks to Fulcrum Care for taking the time to interview Tony! Tony has been instrumental in growing Puma’s healthcare lending business since joining in 2012 and has led the team in funding over £500m of new build care homes to date. You can watch the full interview here - https://lnkd.in/ea_WiSsC #CareHomeDevelopment #HealthcareFinance #FutureOfCare