Pension fund buys UPP

13 September 2012 A 60% share in university accommodation contractor UPP has been bought by one of Europe’s largest pension funds.
Dutch pension fund administrator PGGM’s Infrastructure Fund 2010 has acquired a 60% stake in the firm from Barclays Infrastructure Funds Management for an undisclosed fee.

“[UPP] has an excellent market position and we are supportive of its strategy,” said PGGM head of infrastructure Henk Huizing. “In addition, we support its partnership model with the public sector and look forward to long term mutual beneficial relationships.”

He added that the deal complements the fund’s focus on investing in “stable social infrastructure sectors”.

The university accommodation sector has retained strong activity over recent years, as universities compete to attract more students.

This page was last updated on:
21 February 2017.

thumb

Getting on with things

Six months after Australia's election, it's good to see that the focus remains on infrastructure

thumb

Coming into their Prime

At its start, Prime delivered new buildings for individual GPs. As the company approaches its 21st birthday, Leighton Chumbley and Richard Laing tell Paul Jarvis how the company has grown up

register

Register now to get un-restricted access to all sections of the website.

Want to see more first? Try our free preview...