UPP will provide a further 1,450 student rooms on the University of Hull’s campus in a long-term partnership. The scheme will comprise a mixture of new build and estate transfer. UPP will raise the required investment and handle the design, construction and operation of the scheme.
The construction value of the project is more than £80m.
The development will be on the west side of the campus, close to the new £28m Health Campus, currently being built by Interserve. Nine accommodation blocks will form around a central plaza at the top of a street with a shop and a cafe.
Subject to planning permission, construction is targeted to begin in May 2017 with work completed by the end of 2019.
Including this yet-to-be-built accommodation, UPP now has a portfolio of approximately 31,500 rooms through partnerships with 15 UK universities. Once the Hull transaction is complete, UPP will have invested approximately £2.2bn in universities across the UK since 1998.
UPP chief executive Sean O’Shea said: “We are committed to driving investment into the UK’s higher education sector and plan to invest a further £1bn into universities over the next two years that will help deliver world class infrastructure and continue attracting the brightest and best students from across the world.”