Pension fund buys UPP

13 September 2012 A 60% share in university accommodation contractor UPP has been bought by one of Europeís 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:
6 October 2015.


The new politics

It might be easy to dismiss Labourís new leader as an irrelevance who will never win office, but his presence on the political stage will have important impacts

History Lessons

Mark Giblett, the former group head of project finance for Asia at SMBC, surveys the Asian PPP landscape and tells Paul Jarvis how governments are learning from past mistakes


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

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