Gresham House’s fund manager TradeRisks has agreed a £90m senior guaranteed bond deal for student accommodation at Kingston University.
It has issued 35-year bonds to three institutional investors to finance development at Kingston University’s Kingston Hill and Seething Wells sites.
The development is being managed by Equitix, Engie and Kingston University. It will see refurbishment of 1,216 existing student rooms and 117 new rooms, alongside a business incubator hub.
Engie is responsible for the build, with completion expected in September 2022. Engie Services will operate the scheme over a 50-year project term.
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