University in £24m student accommodation deal – Canterbury
Campus infrastructure and asset management specialist University Partnerships Programme (UPP) has completed a £24m deal with the University of Kent to provide on-campus accommodation for students.
Under the deal, involving £20.3m of senior debt provided by The Royal Bank of Scotland, UPP is to fund, design, develop and operate the 495-room scheme. Planning permission has already been granted and construction is underway, with builder Mansell now on site at the Canterbury campus. Construction is scheduled for completion in September 2011.
The project is UPP’s second development at the university – it has previously delivered a lecture theatre, student accommodation and teaching and conference facilities …