Investors plough £141m in UOL accommodation – London
The University of London has secured a £141 million investment to build a new student accommodation scheme.
The Pension Insurance Corporation (PIC), a specialist provider of insurance solutions for defined benefit pension funds, provided £114 million in bond debt, while developer UPP provided £26.9 million in sub-debt and equity.
The investment will be used to redevelop the University of London’s Bloomsbury Garden Halls student accommodation. It will create 1,200 rooms for University of London students on the campus, and will be run by UPP …