Preferred Bidder Appointed For Student Accommodation Project In Edinburgh
Balfour Beatty, the international infrastructure group, has been appointed preferred bidder for the University of Edinburgh’s £110 million Holyrood Postgraduate Student Accommodation and Outreach Centre project.
The 50-year concession contract involves the design, build and maintenance of student accommodation facilities for the University of Edinburgh. The project will provide state-of-the-art accommodation facilities for 1,160 postgraduate students, as well as an outreach centre which will become the focal point for the University’s community-based teaching activities and continuous professional development courses.
Energy for the facilities will be provided by the University’s Combined Heat and Power Energy Centre. Balfour Beatty will invest 100% of the required equity, in the project, which is expected to reach financial close in spring 2013. This project builds on Balfour Beatty’s extensive experience in the student accommodation sector. Balfour Beatty currently has a portfolio of student accommodation design and build contracts across the UK amounting to over £120 million …