Aareal Bank expands partnership with APG and Scape with new green loan


DGAP-News: Aareal Bank AG / Key word(s): Financing

Aareal Bank expands partnership with APG and Scape with new green loan

03.06.2022 / 09:00
The issuer is solely responsible for the content of this announcement.

Aareal Bank expands partnership with APG and Scape with new green loan

Wiesbaden, June 3, 2022? Aareal Bank announces the conclusion of a green financing agreement with Scape Living Plc, a UK property investment fund wholly owned by Dutch pension fund manager APG Asset Management NV. The £157m senior loan builds on an already successful relationship, including a refinance 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. The buildings have been assessed against Aareal’s Green Finance Framework, a third-party certified model that serves as the basis for future green loan offerings and aligns the bank’s credit portfolio with sustainable criteria.

Michelle Weiss, Head of Hotel Properties at Aareal Bank, said: “Purpose-built student accommodation is a growing sector in which we have grown strongly in recent years. We are very pleased to continue our collaboration with such an active and reputable investor and operator in this space as APG and Scape, and look forward to more such opportunities to expand our student housing loan portfolio.

Featuring top-notch accommodation units, welcoming common areas and 24/7 on-site support, Scape properties offer quality living in prime locations. The portfolio of 4 properties and 1,488 beds is close to major 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 largest pension fund investors in the world. With approximately €627 billion in assets under management as of November 2021, APG aims to achieve attractive and sustainable investment returns in a responsible manner, from its 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 UK’s leading student accommodation operators, Scape has grown rapidly since its inception in 2012. Globally, Scape currently has over 33,000 beds in operation or under construction in Australia, Ireland, the United Kingdom and the United States.

Olivier Tross
Telephone: +49 611 348 2183
Mobile: +49 175 4357 559
[email protected]

Aareal Bank Group
Aareal Bank Group, headquartered in Wiesbaden, is a leading international real estate specialist. It provides smart financing, software products and digital solutions for the real estate sector and related industries, and is present on three continents: Europe, North America and Asia/Pacific. Aareal Bank Group’s business strategy focuses on sustainable business success, with environmental, social and governance aspects being an integral part of this strategy. Aareal Bank AG, whose shares are part of Deutsche Börse’s SDAX index, is the parent company of the Group. It manages the various entities organized into Group businesses: Structured Real Estate Financing, Banking & Digital Solutions and Aareon. The Structured Real Estate Finance segment encompasses all financing and real estate finance activities of the Aareal Bank Group. Here, the Bank supports its clients in carrying out large-volume commercial real estate investments. Investment properties mainly include office buildings, hotels, shopping malls, logistics and residential properties, as well as student apartments. In the Banking & Digital Solutions segment, Aareal Bank Group supports companies in the housing, property management and energy sectors as a digitalization partner? combining extensive advisory services and product solutions with traditional business banking and deposit taking. Its subsidiary Aareon, the leading provider of ERP software and digital solutions for the European real estate sector and its partners, represents the third business segment. Aareon digitizes the real estate industry by delivering user-centric software solutions that simplify and automate processes, support sustainable and energy-efficient operations, and interconnect all process participants.

03.06.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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