Just Group provides £47.25m financing for Cambridge student accommodation

Written by Adam Cadle

24/07/2025

Just Group has announced a £47.25m inflation linked long-term financing transaction aimed at helping the Lucy Cavendish College, University of Cambridge, increase the number of students from disadvantaged and underrepresented backgrounds.

The investment was originated by Macquarie Asset Management, one of the group’s key partners.

The transaction, which has a term of 45 years, will finance the college’s acquisition of a long-leasehold interest in the student accommodation property comprising 355-studio bedrooms at Castle Street, Cambridge. The move underpins the college’s long-term commitment to growth, inclusion, and providing high-quality, modern accommodation for its students.

The remaining loan proceeds are intended to be used towards the refurbishment and remedial works at Castle Street, as well as refinancing existing debt and general corporate purposes.

David Ramroop, chief investment officer at Just Group, said: “Just is proud to be financing Lucy Cavendish College as it advances its vital mission in education. In line with our long-term investment strategy and responsible investment framework, we are committed to supporting similar projects that drive social impact and achieve long-term value for our policyholders and other stakeholders.”

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