University announces development partner
The University has announced a major new development partnership with Legal & General. The financial services group will provide up to £4 billion of funding over the next decade to deliver a series of key projects for the University.
The long-term partnership will lead to the development of thousands of homes for students and staff, together with world-class science and innovation districts.
The first projects under the partnership will be:
- Redevelopment of graduate accommodation in Wellington Square, Court Place Gardens and Ewert House
- Construction of graduate accommodation at Osney Mead
- Construction of new innovation quarters at Osney Mead and Begbroke
It is intended that the first projects will be ready for occupation in 2023.
The partnership will fulfil the commitments in the University’s 2018-2023 Strategic Plan to provide at least 1,000 subsidised homes for staff, and at least 1,000 more of affordable graduate accommodation.
Teams within Estates Services including Asset & Space Management and Legal Services worked closely on the joint venture partnership.
