DGAP-News: Aareal Bank expands partnership with APG and Scape through a new green loan
Retrieved on:
Tuesday, June 7, 2022
Wiesbaden, 3 June 2022 Aareal Bank announces the closing of a green financing agreement with Scape Living Plc, a UK Real Estate Investment Trust that is 100% owned by Dutch pension fund manager APG Asset Management NV.
Key Points:
- Wiesbaden, 3 June 2022 Aareal Bank announces the closing of a green financing agreement with Scape Living Plc, a UK Real Estate Investment Trust that is 100% owned by Dutch pension fund manager APG Asset Management NV.
- 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.
- Featuring top-notch accommodation units, inviting communal spaces and 24/7 on-site support, the Scape properties offer quality living in prime locations.
- The additional assets had been acquired in 2021 by APG-backed Scape Living Plc and will retain Scape UK Management Limited as property manager.