Exeter Uni – bids due very soon


Bids are due within the next couple of weeks (September 2022) for the £185 million ($213m) University of Exeter student accommodation DBFO.

Sources close to the deal say that the Streatham Campus – which involves some 1,790 student rooms – is making progress with UPP understood to be among the bidders.

Development plans for the project, which was launched in early 2020, involve the demolition of 12 accommodation blocks and 3 dated buildings in the Clydesdale and Nash Grove area.

The new development – Streatham Campus – involves the construction of 8 blocks on the 15-acre site and they will range in height from 3 to 8 storeys.

Work is scheduled to start next year (2023).

The entire scope of work at launch of the project was:

  • demolition of the existing accommodation in the Clydesdale and Nash Grove area and building new, low-carbon student living facilities built to the Passivhaus standard, designed to make better use of available space
  • conversion of catered to self-catered accommodation in the Birks Grange Village complex built to the Passivhaus EnerPHit standard
  • redevelopment of the Birks Grange Central Block into further accommodation and supporting social facilities, including a shop
  • removal of the Estate Services Centre, including greenhouses and storage buildings, from Birks Bank to expand student accommodation in the area
  • relocation of the Estate Services Centre to the top of Rennes Drive, north east of Car Park B. Green Waste Site

Snapshots

Asset Snapshot

University of Exeter Streatham Campus


Est. Value:
USD 433.00m
Full Details
Transaction Snapshot

University of Exeter Accommodation PPP


Financial Close:
24/09/2009
Value:
$218.07m USD
Equity:
$34.43m
Debt:
$183.64m
Debt/Equity Ratio:
84:16
PPP:
Yes
Full Details