APG Scape
News Release 18 Jun 2024, 10:30 CEST

NIBC and Investec Team Up to Support APG and Scape’s Co-Living Development in Walthamstow

NIBC is pleased to announce the provision of a £55 million loan to Scape (backed by APG) to fund the development and stabilisation of a 321-bed co-living scheme in Walthamstow, London. The loan was provided in collaboration with Investec.

Scheduled for completion in 2025, the scheme will consist of 321 private studios complemented by amenity spaces, a ground-floor public café, retail unit, and a purpose-built music and comedy venue. Located directly across the Blackhorse Road tube station, the site benefits from excellent connectivity to London via both the Underground Victoria Line and the Overground services.

The scheme will be launched under Scape’s Living brand Morro, aiming to foster community and flexible living while providing modern conveniences and vibrant social spaces.

We are pleased to support Scape and APG and contribute to the development of these much-needed high-quality homes.

For more information about the project and the Morro brand, visit the website.

“With our growing pipeline of Morro and Scape PBSA developments, we are delighted to be able to work with NIBC for the first time alongside our existing partners Investec and APG. Our growth strategy remains ambitious as ever, and we are actively seeking new opportunities in PBSA and co-living spaces.”
Adam Brockley, Founder and Chief Development Officer at Scape

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