DIF Capital Partners (DIF) has reached a financial close on the London School of Economics & Political Science student accommodation PPP project in London, UK. The deal will be transacted through the DIF Infrastructure V fund. 

The project involves the design, build, financing, operations and maintenance of new student accommodation. It will comprise 676 beds, communal spaces, a gym, three roof terraces, a cinema room and two courtyard gardens. DIF has an 80.1% stake in the project, with the university retaining the remaining 19.9% stake. Equans is responsible for the design, build, operations and maintenance of the project.

Long-dated funding has been provided by Pension Insurance Corporation. The advisors of the London School of Economics were QMPF as a financial advisor, Pinsent Masons as a legal advisor and Student First Group as a technical advisor. DIF was advised by DWPF as a financial advisor, Centrus as debt arranger, Mills & Reeve as a legal advisor, Grant Thornton as tax & accounting advisor, Gleeds as technical advisor, and JLL as a commercial advisor.