Project Information
Project name: UK: University of Hull student accommodation
Project description:

The University of Hull has reached financial close on its £155m student accommodation project.

The deal has been agreed with UPP and includes £127.6m of index linked bond financing with a tenor of 40 years from Allianz Global Investors and £27.4m of subordinated debt and equity provided by UPP Group, its shareholders and the university.

Under the agreement, UPP will deliver 1,750 rooms on the campus, spread across nine new blocks. Alongside the accommodation, an urban green and avenue will offer a range of facilities including a café, convenience store, laundry facilities and formal and informal outdoor areas. UPP will also take over the operation of the existing 288 rooms at the university’s Taylor Court site.

Related Headlines:

26 May 2017 - FC for Hull uni accommodation  

30 September 2016 - Winner for Hull Uni accommodation

Type: PPP
Sector: Education
Region: UK
Current status: Project Signed - 26/05/2017
Contract Terms
Capital value: 155.00m
Public Sector Procuror Details
Authority/Commssioning body: University of Hull
Public sector contact: John Chapman
j.chapman@hull.ac.uk

Sam Kendall
s.l.kendall@hull.ac.uk
Private Sector Details
Consortium name: UPP
Private sector shareholders: UPP - Shareholders
Private sector advisors: Cushman & Wakefield - Other Advisor
Private sector debt-providers: Allianz - Debt Providers

This page was last updated on:
31 May 2017.

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