University of Essex’s £113 Million Student Accommodation Project

University of Essex's £113 Million Student Accommodation Project

In UK Pinsent Masons, advised on the matter.

Pinsent Masons advised University of Essex with a team including Gillian Frew (Energy & Infrastructures), Graham Young (Project), Wendy Nicholson (Public Law), Victoria Goddard (Real Estate), Chris Owens (Picture – Real Estate).

The University of Essex and partner for the project, ULiving@Essex3 LLP, raised £113m of finance through bonds, wrapped by assured guaranty.

The project will see the design, build, finance and operation of 1,262 new bedrooms, with the accommodation expected to be completed for the start of the 2023/24 academic year. Equity in ULiving@Essex3 LLP was provided by Equitix (80%) and Bouygues (20%).

The team at Pinsent Masons was led by Legal Director Chris Owens (Picture) included Head of Universities Victoria Goddard, Infrastructure Partner Gillian Frew, Legal Directors Graham Young and Wendy Nicholson, Senior Associate Russell Teale, Associates James McDonald and Natasha Kay.

Involved fees earner: James McDonald – Pinsent Masons; Gillian Frew – Pinsent Masons; Victoria Goddard – Pinsent Masons; Natasha Kay – Pinsent Masons; Wendy Nicholson – Pinsent Masons; Chris Owens – Pinsent Masons; Russell Teale – Pinsent Masons; Graham Young – Pinsent Masons;

Law Firms: Pinsent Masons;

Clients: University of Essex;

Author: Giulia Di Palma