Scape Brighton is a large-scale development with planning consent for the construction of purpose-built private student accommodation located on the primary campus of the University of Brighton and less than ten minutes from the University of Sussex. Once constructed it will provide c.555 beds and extensive communal areas with c.1,500 sq ft of retail space.
It is currently expected that Scape Brighton will be operational for the 2020/21 academic year. The Company will benefit from licensing fees which will provide a c.5.5% per annum coupon through the construction phase. It is currently expected that the construction of Scape Brighton will continue to be funded through the Company’s development facility.