Financial close for Essex Uni
15 August 2012
Essex University’s student accommodation scheme has reached financial close.
The Uliving consortium, comprising contractor Bouygues Development, housing provider Derwent Living and Equitix, will provide equity for the deal. Aviva Commercial Finance is the senior lender.Uliving has signed the £65m deal to build 648 new student units and transfer of 766 existing units.
Bouygues has already begun construction on the project, which forms part of the university’s major ‘Knowledge Gateway’ scheme.
“Demand for good quality campus residences remains high and The Meadows will add to student choice, with the town houses ideal for groups who wish to share accommodation,” said Peter Church, director of the University of Essex’s campus services.
For more information on this project, click here.
