UK: Living sector accommodation provider Scape has acquired funding from NatWest to create a 135-bed site in Canada Water, east London, which is set to be completed in August 2026.
The scheme will be located next to an existing Scape student accommodation with 778 beds that will be refinanced as part of the deal.
Scape currently has 7500 beds across the UK under student and coliving brands.
The new scheme marks the second NatWest-supported development for Scape. A 713-bed scheme in Hammersmith is set to be completed this summer.
Ronana Kierans, head of debt at Scape, said: We’re thrilled to be partnering with NatWest. With our growing pipeline of purpose-built student accommodation and living developments, we look forward to continuing our well-established relationship.”
Eirini Kalamara, relationship director at NatWest, added: “As a leading housing lender, we are delighted to continue supporting Scape as the business expands its housing schemes.”
Highlights:
• Scape acquired funding from NatWest for a 135-bed site in Canada Water, east London
• Second scheme funded by NatWest for Scape, following an earlier deal for s site in Hammersmith, west London
• The new scheme is set to be completed by August 2026
