The proceeds of the facility, which was originated and structured by Investec, will be used to fund the site acquisition and development of Scape Shoreditch, a unique scheme in a key part of London which will also incorporate 50,000 sq. ft. of teaching facilities, communal areas and a restaurant. The development, which will be London’s ninth largest student accommodation development, is due to be completed in the summer of 2015 and has an estimated gross development value in excess of £100million.
