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:
28 April 2017.

thumb

Here we go again

UK Prime Minister Theresa May’s decision to call a General Election creates further uncertainty and delay – just as the country’s infrastructure market thought it might be getting somewhere

thumb

World View

Laurence Carter, senior director of the World Bank’s PPP group, tells Amanda Nicholls about a new culture of collaboration between the development agencies

register

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

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