Engie has successfully drawn a financial close on a £100m+ student accommodation project. The deal will fulfill students accommodation at Kingston University in south west London. The scheme is laid for construction of 117 new rooms and the refurbishment of 1, 216 existing rooms for the University’s Kingston Hill and Seething Wells sites.
Besides, the scheme also involves the renovation of five heritage buildings which are sensitive at the Seething Wells site. Construction of the project will start from this month and will end in 2022. The construction design is developed by Architects TP Bennett and accommodation blocks at Seething Wells can be added with an extra floor space, according to the design.
The buildings are set to have modern kitchen common rooms with new extensions. The housing scheme also serves bedroom clusters ranging in size from six to 12 spaces.
Investor Equitix and the Kingston Student Living consortium of Engie will be responsible for all aspects of the development. The works include ongoing management, securing the project financing to construction, and maintenance of the facilities. 40 years would be the management services period by Engie will in facilities management services to both the sites.