26-02-2025
Eldridge Credit Arm Lends £200 Million for UK Student Housing
Student housing provider Vita Group Holdings Ltd. has secured more than £200 million ($254 million) in debt financing from Eldridge Capital Management's real estate credit arm to build a 48-story tower in London's Canary Wharf neighborhood.
For Todd Boehly's Eldridge, a Miami-based manager of $74 billion in assets, the financing marks the eighth transaction with Vita, according to a statement reviewed by Bloomberg News. The deal extends the firm's bet on student housing in the UK, as it rides momentum in a real estate niche that has withstood interest rate pressures better than office or retail properties.
