DGAP-News: Aareal Bank AG
/ Key word(s): Financing
Aareal Bank expands partnership with APG and Scape through a new green loan
Michelle Weiss, Head of Hotel Properties at Aareal Bank, said: ?Purpose-built student accommodation is a fast-growing sector in which we have been keenly growing over the past years. We are very pleased to continue our collaboration with an investor and operator as active and reputable in this space as APG and Scape, and we look forward to more of such opportunities to expand our student accommodation loan portfolio.?
Featuring top-notch accommodation units, inviting communal spaces and 24/7 on-site support, the Scape properties offer quality living in prime locations. The 4-property, 1,488-bed portfolio is within a short commute to key universities in their respective cities including University College London (UCL), Queen Mary University and the University of Surrey. The additional assets had been acquired in 2021 by APG-backed Scape Living Plc and will retain Scape UK Management Limited as property manager.
APG is one of the world?s largest pension investors. With approximately EUR 627 billion AUM as of November 2021, APG aims to achieve attractive and sustainable investment returns in a responsible way, from across their global offices in Amsterdam, Heerlen, Brussels, New York, and Hong Kong, as well as satellite sites in Beijing and Shanghai. Meanwhile, as one of the leading student accommodation operators in the UK, Scape has been rapidly expanding since its founding in 2012. Globally, Scape currently has over 33,000 beds in operation or construction in Australia, Ireland, the UK and USA.
Aareal Bank Group
03.06.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||Aareal Bank AG|
|Phone:||+49 (0)611 348 - 0|
|Fax:||+49 (0)611 348 - 2332|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Stockholm|
|EQS News ID:||1367731|
|End of News||DGAP News Service|