Total debt and equity funding
Supply chain spend with SMEs
Workforce recruited locally
This 536-bed student accommodation development by Balfour Beatty is on a direct let basis. We acquired the site, obtained planning consent, arranged finance and acted as design and build contractor.
Providing 536 en-suite bedrooms, spread across 70 cluster flats and 149 studios, the development also features a gymnasium, cinema room, study pods and a generous social space with a games area. Externally, a secure central courtyard featuring both functional and attractive landscaping sits beside a multi-use games area, an external gym and 500m2 of retail space.
To make sure works progressed during the wettest winter on record Balfour Beatty used tents, gazebos, and temporary metal sheeting to allow work to progress safely.
New technologies to ensure the safety of our workforce were also adopted including:
The delivery of the project drew on the wide-ranging capabilities of Balfour Beatty. This included: Balfour Beatty Ground Engineering and mechanical and electrical packages delivered by Balfour Beatty Kilpatrick
Development costs were equity funded by Balfour Beatty and debt funding arranged with Investec.
As an operator, we are responsible for marketing and providing a full range of hard and soft facilities management services.