News

Uliving completes student accommodation scheme for the University of Essex

Uliving, the student accommodation developer and operator, has completed its new £67.5 million student accommodation development for the University of Essex in Colchester.

Known as The Copse, the new scheme comprises 643 new student bedrooms laid out in cluster apartments for between four and 12 students. The development continues Uliving’s partnership with the University and extends the Knowledge Gateway, a research and technology park at its Colchester Campus.

It follows Uliving’s refurbishment of 780 student bedrooms as part of The Quays and the development of 648 new bedrooms as part of The Meadows, which completed in 2013.

Uliving’s CEO, Axel Boutrolle, said“Well-designed and well-managed accommodation is a vital element of the student experience and we are thrilled to have worked again with our partners at the University of Essex to improve their student living offer. An innovative funding arrangement was key to enabling this project to go ahead and it was delivered on time thanks to our construction partners at Bouygues UK.”

Chris Oldham of the University of Essex, added: “With the University of Essex an increasingly popular place to study, providing a first-rate living and learning experience is a key priority for us. High-quality, purpose-built on-campus accommodation is at the heart of that and we’re pleased to be able to welcome residents of The Copse to their new homes.”

The Copse was funded through an innovative index-linked wrapped bond placement. Equity partners together with Uliving are Equitix and Centro Place Investment; the credit enhancer was Assured Guaranty; the bond purchaser was Pension Insurance Corporation; and the bond arranger was TradeRisks.

Media enquiries to:

Henry Columbine / Laurence Hill

020 3757 6890

Redleaf Communications

linkcity@redleafpr.com

@ulivingtweets

Notes to Editors:

About Uliving

Uliving is a company that has been founded with a simple mission: to be the creator of the most in-demand student accommodation, by providing the most relevant facilities at the most appropriate price. Ideally suited for delivering this ambition, Uliving’s foundations are strong, bringing together the wealth of expertise in its family of companies each with a track record of successfully delivering the key aspects of its mission. With successful ventures at the Universities of Essex, Hertfordshire and Gloucestershire – and more on the way – Uliving is a growing business, but one with a continued focus on the student experience. Uliving is not afraid to look at different ways of doing things when it comes to delivering for its clients, allowing them to focus their resources on academic strategies.

More information is available at www.uliving.co.uk.