Private firm extends student accommodation empire

A private company that specialises in long-term multi-million pound deals to build and run student facilities has extended its reach in 바카라사이트 sector with a new ?57.2 million contract with Nottingham Trent University.

February 19, 2012

The deal with University Partnerships Programme ¨C which has been partly backed by a ?46 million bank loan from Royal Bank of Scotland - will create new sports and social provision for 바카라사이트 institution, including a gym, music venue, retail space and health centre.

The facility will also provide bespoke accommodation for 바카라사이트 university¡¯s students union in addition to 911 new rooms.

It is 바카라사이트 latest move by UPP, which to date has invested a total of ?1.4 billion into 바카라사이트 sector in return for long-term contracts that can guarantee 바카라사이트 company a stream of rental income lasting decades.

The Nottingham Trent deal is 바카라사이트 fifth project UPP has undertaken with 바카라사이트 institution, where it now operates 바카라사이트 vast majority of 바카라사이트 student accommodation on-campus.

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As part of 바카라사이트 new project, UPP will handle 바카라사이트 design, build and operations of new student facilities in partnership with 바카라사이트 university¡¯s management.

Neil Gorman, 바카라사이트 university¡¯s vice-chancellor, said 바카라사이트 development was part of ¡°an ambitious regeneration programme¡± and was ¡°extremely important in ensuring we continue to offer an inspiring environment for both students and staff¡±.

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The chief executive of UPP, Sean O¡¯Shea, said: ¡°Following this transaction, we have invested over a third of a billion pounds into 바카라사이트 higher education sector in 바카라사이트 last 12 months. We are pleased to be driving important projects like this forward and providing significant private sector investment into 바카라사이트 sector.¡±

simon.baker@tsleducation.com

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