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Walker & Dunlop EMEA Capital Markets recently closed a landmark transaction, arranging a £140 million loan to refinance Canvas Arthur House, a 770-bed purpose-built student accommodation building in Wembley, London.
Led by Claudio Sgobba, Aaron Knight, Jessica Bell, and Patrick Smith, the EMEA team acted as exclusive advisors to Greystar International, and arranged the refinancing from Aareal Bank and Mizuho to refinance the existing development loan on the property.
“Wembley has emerged as a leading student accommodation submarket, attracting a diverse student population thanks to its transport links to London’s major universities, alongside a vibrant retail, leisure, and nightlife scene,” said Sgobba, senior managing director and co-head of Walker & Dunlop EMEA. “We are pleased to have partnered with Greystar on this transaction and believe the asset is well positioned to capture demand for years to come.”