Zenzic Partners Limited advises on mezzanine investment to support a purpose-built student accommodation development in Sheffield.
The investment will assist with the development of 220 student cluster beds and studios in the centre of Sheffield, with a host of amenities on its doorstep and will cater to students of both the University of Sheffield and Sheffield Hallam University.
Funding was provided by Beaufort Capital Management who completed the investment to the award-winning Torsion Group in just nine working days, from agreement of terms and credit approval to drawdown, over the Christmas and New Year break. The development is currently underway and anticipates welcoming the first students in time for the start of the 2019/2020 academic year in September.
Nadine Buckland, Managing Director of Zenzic Partners, corporate finance advisor to Torsion, commented:
“We were delighted to assist Torsion on this financing. There were a few intricacies to the structure and working with Beaufort was key to delivering a fully funded scheme to a tight timeframe.”
About Zenzic Partners Limited
Zenzic Partners is an FCA regulated, privately owned Merchant Bank founded in 2014. A dynamic company led by a team of senior finance professionals specialising in real-estate and structured finance, with expertise across private and capital markets.
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