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18th Jul 2018
Developers Interserve are to lead a consortium that will finance, build and operate two new university facilities in Durham.
The consortium is made up of Interserve, fund and asset management firm Equitix, and student accommodation operator and developer Campus Living Villages.
The project will consist of up to 1,000 student beds plus academic facilities and social spaces for students. The scheme will be built on university-owned land at Mount Oswald, located on the southern edge of Durham.
Interserve's chief executive, Debbie White, said of the project: "Interserve has an extensive portfolio of student accommodation projects, which demonstrates the strength and capability of our teams working in partnership with clients in the further education sector. We look forward to building on our 15-year relationship with Durham University by starting work on this exciting project, following the opening of the Interserve-built Ogden Centre for Fundamental Physics in March."
Meanwhile, Jane Robinson, chief operating officer at Durham University, added: "Our ambitious University Strategy, 2017-2027 aims to ensure we continue to deliver world-class research, education and wider student experience. The development of two new colleges at Mount Oswald is a key project in delivering a wider student experience as good as anywhere in the world. We are very pleased to be working with the consortium to deliver this project."
Outline planning permission for the scheme was granted in 2013 and now the university will seek approval for details of the scheme.
The university hopes the new development will be completed in time for the 2019-20 academic year.
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