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Bournemouth University

Cranborne House

Date
September 2017

Sector
Education

Transaction
Student Residences

Value
Undisclosed

Role
Financial Adviser

QMPF advised Bournemouth University on the disposalof the 497 bed Cranborne House at the University’s Lansdowne Campus to Campus Living Villages.

The University raised a capital premium from the sale and will have continuing access to the residences for its students through a long-term nominations agreement.  The transaction adds to the three properties Campus Living Villages already owns and manages in Bournemouth, and takes the total beds it operates in partnership with the University to 1,201. CLV’s purchase was funded by an income strip provided by Aviva.   

QMPF advised on the financial aspects of the funder’s agreement and its commercial implications for the University, and assisted in taking the transaction to financial close.

For further information contact

Graeme Aithie

Partner

+44 (0)131 222 2602

QMPF LLP, Excel House, 30 Semple Street, Edinburgh EH3 8BL
+44 (0)131 222 2600
info@qmpf.co.uk

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