Investec invests £54.5m in Guildford student scheme

Investec Structured Property Finance has pumped a £53.5m senior debt facility into a student accommodation scheme in Guildford. The investment has provided a joint venture between Scape UK and HG Construction to build Scape Surrey 2, a development compromising 403 purpose-built student accommodation beds and 113 co-living units on the east border of the University of Surrey campus. The PBSA units are earmarked for completion for the 2020/21 academic year. The co-living section will be finished in 2021. This is the second Scape Surrey development in Guildford. Scape Surrey 1, which is located directly adjacent to the new scheme, has