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University of London

University of London

Date
July 2014

Sector
Education

Transaction
Student Accommodation

Value
£140.7m

Role
Financial Advisor

QMPF acted as financial advisor to the University of London on its £140.7m student accommodation project, which reached financial close in July 2014. The investment will include £113.8 million of bond funding from Pension Insurance Corporation and £26.9 million of sub-debt and equity provided by UPP and its investors.

The 50-year deal, a partnership between the University and UPP, will see UPP designing, financing and operating new residential accommodation of 1,200 rooms at the Garden Hall Residences in Cartwright Gardens situated in Bloomsbury.

QMPF has advised the University on the project since its inception in 2011 through its subsequent procurement and the process to financial close.  Our role included structuring the financial aspects of the procurement, bid evaluation, financial modelling, and advice on the associated risk, accounting and financial considerations for the University.

For further information contact

Peter Lyons

Partner

+44 (0)131 222 2613

Andrew Watson

Senior Adviser

+44 (0)131 222 2622

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

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