Aareal Bank AG has provided a three-year financing of approximately GBP 54 million for “Scape London Canalside”, a dedicated 400+-bed student accommodation facility in London. The asset is located in Bradwell Street near Queen Mary University, one of London’s largest universities.
It was built – and is operated – by Scape, a worldwide developer and operator of student accommodation, and opened in September 2019. Scape London Canalside offers modern public areas including a fitness centre, cinema and study rooms as well as lounges.
Source : Aareal Bank