trending Market Intelligence /marketintelligence/en/news-insights/trending/-IC3j6bqF8Uk_6qAy0KEOA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

GCP Student Living secures £55M borrowing facility

Blog

Real Estate News & Analysis: April Edition

Blog

COVID-19 Impact & Recovery: Investment Banking

Blog

COVID-19 Impact & Recovery: Governments

Blog

COVID-19 Impact & Recovery: Academia


GCP Student Living secures £55M borrowing facility

GCP Student Living PLC secured a borrowing facility of up to £55 million it will use to partially finance the construction of the forward-funded Scape Brighton, a purpose-built private student development on the primary campus of the University of Brighton.

The property is expected to be open for the 2020-2021 academic year.

The borrowing facility has a margin during the construction phase of the property of 3.1% per annum above London interbank offered rate, declining to 2.0% once the property is open and stabilized, and is repayable Dec. 21, 2021, with a one-year extension option.

Wells Fargo Bank NA is the lender.