LONDON (10 September 2026) – Precede Capital Partners (“Precede Capital”), the B Corp-certified real estate development lending platform, and Deva Capital (“Deva”), the real estate and corporate capital solutions investment arm of Santander Alternative Investments, today announced a £112 million green development loan to support the delivery of the Bollo Lane student-led residential scheme in Acton, West London, by a joint venture between Hurlington Capital and the V Fund. The loan was funded in partnership with back-leverage partners Nomura and Firma Partners (“Firma”), the specialist lender focused on the UK living sector, and was originated by Precede Capital. It represents the firm’s fourth financing with Nomura and second with Firma.
The facility, advised by BBS Capital, will fund the delivery of a mixed-use community spanning purpose-built student accommodation (PBSA), affordable housing and commercial space at Bollo Lane. It comprises 429 student bedrooms across 200 studios and 42 cluster apartments, alongside dedicated amenity space and a ground-floor light industrial workspace. It also includes a separate 11-storey building, which will provide 95 affordable homes.
Hurlington Capital secured planning permission for the scheme in May 2024. Located on Stirling Road and Colville Road in Acton, the development forms part of a wider Bollo Lane regeneration area, where significant investment is underway, including the joint venture between Transport for London (TfL) and Barratt Homes. The scheme is scheduled to complete in time for the 2028/29 academic year.
The project has been independently assessed by Seismic as exceeding the criteria for a Green Loan under Precede Capital’s Green Loan Framework, which aligns with the LSTA’s Green Loan Principles. The scheme is targeting an EPC rating of “A” across both blocks, BREEAM “Excellent” for the student accommodation and BREEAM “Very Good” for the associated commercial space.
Randeesh Sandhu, Chief Executive Officer at Precede Capital Partners, said: “This transaction demonstrates our continued ability to provide flexible green financing solutions for high-quality and sustainable residential developments in attractive locations. We are pleased to partner with Hurlington Capital and the V Fund, highly experienced sponsors with a proven track record, on this well-located opportunity. The significant regeneration already underway in the surrounding area is hugely encouraging, with the next, TfL-led phase expected to attract substantial investment and support long-term value creation. We have high conviction in London’s PBSA sector, which remains underpinned by a fundamental supply and demand imbalance.”
Rahim Heydarov, Investment Associate at Deva Capital, said: “Bollo Lane shows how well-structured private financing can help bring forward much-needed affordable homes and student accommodation. We are pleased to support the delivery of this important project.”
Victor Librae, Chief Executive at Firma Partners, said: “London’s student housing market remains structurally undersupplied, and Bollo Lane is a strong example of the well-located, well-sponsored schemes we want to support. We are pleased to partner with Precede Capital, Deva and Nomura to make this deal happen.”
Alessandro Maurelli, Executive Director at Nomura said: “Bollo Lane fits the criteria of our continued partnership with Precede – it is a high-quality living scheme in a sector that remains undersupplied in good locations. We are excited to support the sponsor team in giving life to this asset and would like to congratulate our partners and all parties involved in the transaction.”
Bill Halworth, Development Director at Hurlington Capital, said: “We are delighted to conclude this financing with Precede Capital Partners, supporting the delivery of this exceptional mixed-use scheme.”
Adam Buchler, Managing Director of BBS Capital, said “We’re delighted to have arranged this facility for our clients Hurlington and V Fund to enable the delivery of this important, state of the art PBSA scheme that will help to serve the intense student demand in the London market.”
