Campus Living Villages and Equitix secure new accommodation deal with the University of Bristol
A joint venture between Campus Living Villages and Equitix has been appointed as the strategic development partner for new accommodation projects at the University of Bristol. Over the next five years the partnership will provide high-quality student accommodation, beginning with the University’s new Temple Quarter Enterprise Campus.
This development will see the construction of approximately 1,200 new bed spaces, primarily for the use of students studying at the new campus. Located in the heart of the city, work at Temple Quarter is expected to start in 2019 and it is due to open in 2021/22. The consortium will design, build and operate the site for a 50-year period.
The Temple Quarter Enterprise Campus will focus on education and research for business, social and digital innovation to tackle real-world challenges. Located in the heart of the city, at Temple Quarter, it will turn a neglected area into a new destination, an open, inclusive centre for transformative innovation.
Global student accommodation provider Campus Living Villages, which owns and manages over 13,000 beds across the UK, will work closely with the University to secure input from students and tailor the design to meet their needs. It will also collaborate with the University’s pastoral care team to ensure that the development offers all students a welcoming and inclusive environment with 24/7 support available. Equitix’s team of experts will oversee all aspects of the development, from construction and acquisition to maintenance and operation and work closely with CLV and the University to ensure that the project continues to meet students’ needs.
Martin Hadland, Commercial Consultant at Campus Living Villages UK, said: “We are delighted to be entering into this partnership with the University of Bristol. The Temple Quarter Enterprise Campus will provide a fantastic opportunity for us to be at the centre of one of the University’s biggest developments to date, and we look forward to adding the new facilities to our ever-expanding portfolio of student villages.
“Our team is delighted to be partnering with such a prestigious University and excited to be providing a high quality experience to Bristol’s student community studying at the new campus. Our villages are much more than just a place to sleep. They are first and foremost about providing a community student experience - so it’s great to be working hand in hand with the University to integrate our new accommodation into its sector leading plans for improved pastoral support for residents to create a home away from home at the new campus.”
Geoff Jackson, CEO of Equitix comments: “Equitix has worked with Campus Living Villages on a number of projects over the years, bringing outstanding accommodation to students across the country. The University of Bristol is investing heavily in its facilities and we are extremely excited to be part of the Temple Quarter development that will be a benchmark for quality in higher education institutions in the UK.
Robert Kerse, CFO at the University of Bristol adds: “We chose Campus Living Villages and Equitix to be our accommodation partners because of their focus on providing a quality university experience as well as quality accommodation and our confidence in their desire to work as partners on future projects. The new campus at Temple Quarter is one of our biggest investments in recent years, and we look forward to working with them on this pivotal and exciting project.”
Equitix secures new accommodation deal with Durham University
Equitix, a leading UK infrastructure manager and developer,alongside Campus Living Villages, a global operator and investor in studentaccommodation, today announce financialclose of a major accommodation development project at Durham University.
The scheme – the Mount Oswald project – forms part of theUniversity’s strategy to deliver world-class research, education and widerstudent experience. It will see theconstruction of two new college facilities totalling nearly 1,000 additionalrooms.
Over 700 of these will be en-suite bedrooms, arranged in amix of cluster flats of between eight and 12 students. The remaining rooms willhave shared bathroom facilities arranged in townhouses and studios.
Work will begin shortly and is expected to be completed in2020. Equitix will oversee all aspects of the development in a managementservices capacity, monitoring the construction and operation of the newresidences. Interserve Construction will undertake the construction services,with Campus Living Villages overseeing the day-to-day management of the facilitiesonce delivered.
Geoff Jackson, CEO of Equitix comments: “We are delighted toadd the Mount Oswald project to our growing portfolio of student accommodation.
“Durham is one of the oldest and most prestigiousuniversities in the UK and one of the few that has remained committed to theCollegiate system. The opportunity to develop two new college facilities insuch a historic institution is both extremely rare and exciting and we areconfident that Equitix is well positioned to provide students with top-qualityaccommodation that will enhance their university experience.”
Lisa Brown, Joint Head of Operations at Campus LivingVillages said: Lisa Brown, Joint Head of Operations at Campus Living Villagessaid: “We are thrilled to become a key operator at Durham University, aprestigious and world-renowned institution, further cementing Campus LivingVillages as a University Partnership business. We have the experience todeliver the best in student accommodation and look forward to continuing to puthis into practice.”
Professor Stuart Corbridge, Vice-Chancellor at DurhamUniversity, said: “Our ambitious University Strategy, 2017-2027 aims to ensurewe continue to deliver world-class research, education and wider studentexperience. The development of two college facilities at Mount Oswald,including a brand new College and a purpose-built new home for our John SnowCollege, is a key project in delivering a wider student experience as good asanywhere in the world.
“We are pleased to have reached financial close and lookforward to work beginning on site shortly.”
Equitix acquires European social infrastructure assets and renewables portfolio from NIBC European Infrastructure Fund
Equitix, a leading UK infrastructure investor, announces that it has agreed to acquire a portfolio of social infrastructure and renewable assets from NIBC Infrastructure Partners on 2 August 2018. The portfolio includes 13 assets in the UK and Europe and, subject to closing conditions, will be acquired in a single transaction.
On completion of the transaction, Equitix will become owners of the renewables and social infrastructure assets that include UK health care, education and care home facilities, as well as renewable wind, solar and waste plants.
The NIBC European Infrastructure Fund portfolio includes investments in both the UK and Europe and will enable Equitix to increase its foothold in continental European jurisdictions, including Spain, Germany, France and Belgium, as well as to consolidate its position in UK social infrastructure assets.
Hugh Crossley, CIO of Equitix comments:“As we continue to diversify and grow our portfolio, we are always looking out for attractive opportunities to acquire high-quality assets that meet our criteria. We are confident that the NIBC European Infrastructure Fund portfolio does just this and will allow us to leverage our local expertise and grow our exposure to new European infrastructure markets.”
“We have demonstrated a strong track record in our ownership and management of a wide range of infrastructure assets and, as such, we’re pleased to be further consolidating our capabilities and adding these assets to our institutional investment portfolios.”
Equitix consortium named as preferred bidder for 1400-bed accommodation project at University of York
A consortium comprising Equitix, a market-leading investor and fund manager of core infrastructure assets, and privately-owned Graham Construction has been named as the preferred bidder for a major 1400-bed student accommodation project for the University of York.
The £113 million ‘Campus East’ development will take two years to complete, with financial close forecast for November this year and work expected to commence in January 2019.
This latest project consolidates Equitix’s reputation as a leading developer of student accommodation projects across the UK. Named the Student Accommodation Investor of the Year for 2017 by Property Week, Equitix now has well-established and durable relationships with both clients and partners across the country.
Geoff Jackson, Chief Executive Officerof Equitix, said: “We are delighted to have been selected as the preferredbidder for this project. The University of York is one of the UK’s most highlyregarded academic institutions and continues to face ever-growing demand fromstudents from around the world. The new accommodation will help meet thisinterest and ensure that the students of the University reside, study andsocialise in an environment appropriate to the University’s reputation.”
The University of York, which was established in 1963, is a Russell Group member and is ranked 16th in the University Guide 2018 published by The Times newspaper. In addition to the Campus East development, it has also committed to invest £400 million into a major programme of works across its Heslington West and Heslington East campuses to provide high quality accommodation to its growing student population.
Michael Graham, Executive Chairman of Graham Construction said, “This is another fantastic win for GRAHAM and builds on our strong pipeline of projects in the region,following the opening of our Leeds office in 2017.
“As investor and contractor Graham bring extensive experience of the student accommodation sector. The project will utilise a state-of-the-art offsite manufacturing facility located in the north of England, to provide a best in class development that will form a striking gateway to the University of York’s Heslington East Campus.
“We’re committed to providing outstanding student accommodation and the 1400 beds delivered across the first phase of this project will bring our total output to over 10,000 beds in the past 5 years.
“We look forward to not only developing this fantastic scheme, but also having a positive impact on the local community by employing local businesses, engaging with the community and constructing a sustainable development that connects with and respects York’s historic environment.”
Koen Lamberts, Vice Chancellor of the University of York, said: “We have been keen to source a partner which shares our aims of quality and commitment to excellence. The new accommodation will provide a modern environment for students which promotes their well-being and personal development.”
Equitix was established to deliver and manage infrastructure projects from bidding and closing through to construction and service provision. It is independent and is a socially responsible investor.
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