Preferred bidder selected for student housing PPP at Royal Holloway

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Royal Holloway, the University of London in the UK has selected Balfour Beatty for the development of a student village at Rusham Park in Egham, Surrey. Under a 50-year concession contract, Balfour Beatty will be responsible for design, build, finance, and operate, alongside Student Living by Sodexo, a new 1,400 room student village at Rusham Park; as well as the operation of the existing 621-bed George Eliot student accommodation complex in London.

Balfour Beatty Investments will invest 85% of the equity to finance the project with Royal Holloway investing the remaining 15%.

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