Finance

Scape forms £500m student digs JV with pension giant APG

By 2021-02-22T10:05:00

Students in masks

Source: Shutterstock/Kzenon

City living group Scape has agreed a £500m joint venture with pension investment group APG that will develop and operate student accommodation schemes.

The joint venture is seeded with around 1,000 student beds in London and the South-East, a £250m mixed use residential and student-led development scheme in Canada Water, and the first Scape Living building in Guildford, due to open in the first half of 2021.

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