UPP announce a £200 million investment to enable a steady expansion over the next five years.
Student developer University Partnerships Programme will receive a £200m equity boost from its shareholders, which will fuel a £1bn expansion. The company is owned 60% by Dutch pension fund PGGM. The investment will allow UPP to add 12,000 beds to its portfolio, increasing its total beds to 40,000 over the next five years. It also wants to establish a European arm with 2,000 beds outside of the UK, to capitalise on UK universities looking to establish campuses abroad.