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New UPP film marks progress on Exeter projects
18 May 2021
University Partnerships Programme (UPP), the UK’s leading provider of on-campus residential and academic infrastructure, has created a short film to mark progress on the East Park project at the University of Exeter.
UPP is delivering the East Park project at the University as part of a £139.7 million partnership, with the project testament to the strength of UPP’s bespoke, long-term relationship with the University, first formed in 2009.
The project will see UPP design, build, fund and operate 1,182 high-quality bedrooms on the University’s Streatham Campus, with the scheme comprising a mixture of standard, en-suite and enhanced accessible bedrooms.
It will represent the largest build of on-campus accommodation at the University since 2012, with the investment including £125.1 million of index-linked debt financing with a tenor of circa 48 years from Pension Insurance Corporation plc., and £14.6 million of subordinated debt and equity provided by UPP Group and its Shareholders.
UPP has appointed VINCI Construction UK Limited to deliver the development, which has a construction value of £91 million.
Construction on East Park Phase One started in January 2019, with the project completed and welcoming its first residents in September 2020.
East Park is the third on-campus scheme currently underway or recently completed between UPP and the University. The £41.4 million Moberly and Spreytonway projects, consisting of 250 and 131 beds respectively, were completed ahead of occupation and was occupied in September 2020.
East Park Phase Two will complete in September 2021 and on completion UPP will operate over 4,000 rooms on the University of Exeter campus.
Together, the three projects will reinforce UPP’s continued support of the University’s strategy and provide the very best student experience.
East Park boosts UPP’s portfolio to over 36,000 rooms in operation or under construction through long-term partnerships with 15 leading UK universities.