Student accommodation specialists Campus Living Villages (CLV) has reached financial closure for the Goldsmiths, University of London student housing public private partnership (PPP) project.
The project financing has been closed through a £50 million (US$77.4 million) bond issue. DWPF acted as financial advisor to CLV and Arlington Investors on their 50-year student accommodation project.
CLV will undertake the day-to-day running and renovation workss of the three halls of residence, Raymont Hall, Chesterman House and Surrey House, to establish the Goldsmiths Student Village. The village will have a total of 391 beds, ranging from shared flats to en-suite single rooms. The facilities will provide new spaces in which students can live, study and socialise.Two weeks ago we reported that Goldsmiths, University of London, signed a deal with Campus Living Villages (CLV) to operate the three halls .
The project is the latest joint-venture between CLV and Arlington, following on from the c£245 acquisition of assets from Opal in May 2013.