Irish Government to Part-Fund University Housing
25th Nov 2022
The University of Birmingham is set to develop its' very first low-carbon accommodation for students, partnering with developer EQUANS and infrastructure investor Equitix. The initiative aims to redevelop Pritchatts Park Student Village and work towards the University's goal of net-zero operational carbon emissions.
These ambitious plans by the University are part of their aspirations to be established within the top 50 of the world's universities by 2030.
The consortium of EQUANS and equity partner Equitix have entered into a long-term contract with the University to complete the project. The energy specialists EQUANS have agreed on a 50-year contract and will provide repairs, security and cleaning services to support the residents.
The Pritchatts Park transformation will cost £157m and will include the construction of an additional 496 highly-efficient student homes. Accompanying the additional housing will be a modular construction multi-storey car park, which will be able to accommodate 482 cars. As well as this, 734 pre-existing rooms are set for modernisation and refurbishment.
This development will provide the University's first low-carbon accommodation.
Director of Campus Services at the University, Simon Bray has stated: "Outstanding global education is at the core of our mission; the University is passionate about investing in high-quality, affordable accommodation for our students to enhance their on-campus experience while they study with us. We look forward to working with Equitix and EQUANS."
The Chief Executive for Equitix, Hugh Crossley said: "We are delighted to work with University of Birmingham and be part of their continued growth and success and are pleased to extend our strong track record in developing and operating outstanding accommodation that exceeds residents' expectations."
Jake Fellows, Regional Operations Director at EQUANS, said: "EQUANS has a multifaceted offer which spans construction, regeneration, energy and zero carbon technologies; so, we are perfectly placed to bring the University of Birmingham's vision for a low-carbon, high quality student campus to life.
"We are delighted to have reached financial close on this hugely significant project as the year draws to a close. Every partner involved in this deal is passionate about its success and our respective equity stakes in the scheme, speak to this."
It is expected that the project is to be completed by September 2024.
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