Tenant Fees Ban to Apply From June 1st
17th Jan 2019
Engie has been awarded a £195 million design, refurb and facilities management deal with Kingston University for its student accommodation.
The design and refurbishment of the university's 1,332-bed estate is worth £55 million, whilst the 50-year facilities management contract is worth a further £140 million. Engie is to take an equity stake in the project with investor Equitix.
The contract will combine Engie's energy, services and regeneration capabilities and is in line with the company's long-term placemaking strategy for the public sector.
Once the build is complete Engie will take on the role of facility manager to maintain furnishings throughout the facility. The company will also offer support to students day-to-day, from reception management to communal area cleaning.
Commenting on the deal, Sam Hockman, Divisional COO for Engie's Places and Communities Division (South) said: "We are delighted to have been selected as preferred bidder by Kingston University for this major placemaking contract in the further education sector."
"The progressive nature of the project has allowed us to bring together ENGIE's unique combination of expertise in energy, services and regeneration, in a way which will have far-reaching benefits for the university and those who study there."
"We look forward to delivering our robust and innovative solutions, working together with the University to bring their vision to life and enhance the overall university experience for students."
The refurbishment work is due to start in June 2019 and be completed by August 2021.
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