Students and loans: This 248-unit student accommodation block at the University of Surrey in Guildford was completed in September by Pavilion Housing Group.

Pavilion has signed a £175m funding deal, comprising a £100m bank loan with Barclays and a £75m bond issued by Royal Bank of Canada’s funding vehicle Harbour Funding.

The deal will allow the Hampshire-based association to repay an existing bond and banking facility, and to fund new developments.