Queen Margaret University
Student residence acquisition and financing
QMPF advised Queen Margaret University (QMU) on the acquisition of 800 student residence bedrooms from Queen Margaret Student Solutions (QMSS) and the arrangement of the required financing.
QMSS was established in 2005 to design, build and operate the residences which are situated on the university campus. QMU will now take over the ownership and operation of the residences on the integrated campus site.
Malcolm Cutt, Director of Finance and Operations at Queen Margaret said:
“The advice provided by QMPF, both in negotiations with the seller and in setting up the loan facility with the new funder, was critical in achieving completion of the transaction. As well as guiding the University through the technical issues, QMPF brought a strong commercial focus to the discussions and allowed the University to achieve a positive outcome”.
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