McLaren Property has secured a £20m loan, provided by Puma Property Finance, to support the delivery of a 145‑studio co‑living scheme in Exeter City Centre.

Located on Summerland Street, in the northeast of Exeter City Centre, the co-living scheme will be set over ground and five upper storeys totalling 58,000 sq ft in an all‑studio development which will have amenity space, including coworking areas, lounges, content room, snug, private dining, gym, wellness studio, and a rooftop terrace with kitchen diner.

Oliver Westray, Development Director, McLaren Property, commented: “Exeter is a compelling market for high-quality co-living, and this development will deliver a sustainable, amenity-rich product that meets the needs of today’s renters. We look forward to delivering the scheme together and to building a strong relationship with Puma going forward.”

The scheme will be able to accommodate a variety of residents, including private renters and key workers, with a circa 20% affordable provision prioritising the latter.

Construction is expected to commence in early 2026.