University of Leicester Student Accommodation
In July 2019, Equitix reached financial close on a 50 year project for the design, build, finance and operation of 1,164 room of student accommodation in partnership with the University of Leicester. The contract was awarded by the University in September 2017 to the Equitix-led consortium.
The project will provide 1,164 student rooms plus associated communal areas. The project is to be constructions by a special purpose vehicle which is 80% owned by Equitix, 10% by Engie and the University will also own 10%.
All principle development and construction obligations have been subcontracted out to the Construction Contractor for a fixed price. The construction programme is 39 months delivering 424 rooms in Sep’21 and 614 in Sep’22.
Service obligations have also been passed down under an operating contract to Engie Services Limited with the University providing the soft FM.