Alumno Scottish PBSA funding: delivery and logistics notes for project teams
Reviewed by Joe Ashwell

First reported on The Construction Index
30 Second Briefing
Alumno Group has secured forward funding from Henderson Park for a 453-bed purpose-built student accommodation portfolio split between a 191-bed new-build at Jock’s Lodge, Meadowbank, Edinburgh, and a 262-bed scheme on St George’s Road in Glasgow’s Woodlands district. Both projects already hold planning consent, with Alumno retaining delivery responsibility and targeting practical completion by September 2027. The timing and scale signal continued institutional appetite for PBSA in Scotland’s core university markets, with long lead-in for design coordination, utilities, and site logistics on two dense urban plots.
Technical Brief
- Planning consents already in place reduce programme risk to technical design, utilities coordination and contractor procurement.
- Alumno retains single-point delivery responsibility, simplifying interface risk between funder, main contractor and design team.
- Dense PBSA layouts typically drive high live load design to residential standards with enhanced acoustic separation to adjacent properties.
Our Take
Within our 85 Infrastructure stories, Scotland has relatively few purpose-built student accommodation (PBSA) entries, so Alumno’s 453-bed portfolio across Jock’s Lodge and St George’s Road stands out as one of the larger single-operator student schemes in the region.
Targeting practical completion by September 2027 positions these Edinburgh and Glasgow assets to capture at least one full intake cycle under the next UK university funding round, which typically underpins lenders’ comfort with PBSA financing risk.
Henderson Park’s role in backing Alumno Group here aligns with a pattern in our database of institutional capital favouring PBSA in UK regional cities over more volatile commercial office schemes, signalling continued appetite for long-dated, occupancy-driven cashflows in places like Meadowbank and Woodlands.
Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.
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