![]() ![]() 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. The additional assets had been acquired in 2021 by APG-backed Scape Living Plc and will retain Scape UK Management Limited as property manager.ĪPG is one of the world’s largest pension investors. ![]() 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. 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.”įeaturing top-notch accommodation units, inviting communal spaces and 24/7 on-site support, the Scape properties offer quality living in prime locations. 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. The buildings were assessed under Aareal’s Green Finance Framework, a third-party certified model that serves as a basis for future green lending offers and aligns the bank’s credit portfolio towards sustainable criteria. The GBP 157 million senior loan builds on an already successful relationship, comprising a refinancing of the existing Aareal loan on the Scape Mile End Canalside in London, as well as the financing of three additional Scape properties in Wembley and Guildford. ![]() 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. The issuer is solely responsible for the content of this announcement. DGAP-News: Aareal Bank AG / Key word(s): FinancingĪareal Bank expands partnership with APG and Scape through a new green loan ![]()
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