The deal means construction can now start on the site adjacent to the University of Edinburgh’s Kings Building campus which has a development value of £39.7m.

Clark Contracts is the main contractor alongside specialist DMD Modular.

The scheme will consist  of two buildings providing a total of 257 high specification PBSA beds alongside a modern gym, communal lounge, laundry facilities and cinema.

Rachael Gordon, Senior Associate at Maslow Capital, said: “There continues to be a structural  undersupply of PBSA in Edinburgh, with a limited pipeline, particularly in the vicinity of Kings Building  campus.

“Maslow Capital is pleased to support Audley Modular Student Living, who are addressing  this undersupply, whilst providing high specification units that are fully capable of improving their  resident’s overall university experience.”

Vijay Patel, Group Operations Director at Audley Modular Student Living, added: “As a PBSA  & PRS focused developer, it’s extremely important that we partner up with the right development  funder.

“Maslow’s support of our modular scheme on Mayfield Road, Edinburgh demonstrates  both their understanding and commitment to both modern methods of construction, as well as the  student market.”