GCP deal for student digs scheme in East London shelved

Students in corridor

GCP Student Living’s deal to forward purchase Scape Mile End Canalside in East London has been terminated as the impact of the Covid-19 health crisis bites.

Whilst the company continues to mull an investment in the development, the conditions of the deal have not been satisfied and therefore the company’s right to acquire the asset under its terms have now lapsed, GCP said. 

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