University of London
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.
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