abrdn has invested £110 million ($138 million) on behalf of Phoenix Group, the United Kingdom’s largest long-term savings and retirement business, and £13 million ($16 million) on behalf of ILID, its Index-Linked Infrastructure Debt Fund, in West Slope Residencies Finance, a partnership between the University of Sussex and Balfour Beatty Investments.
The West Slope project will design, construct and maintain around 1,900 new units of student accommodation at the heart of the University’s campus in Falmer, north of Brighton.
The units, arranged as en-suite cluster flats, townhouses and family apartments, will be built in three phases. The project is aiming to achieve a BREEAM Excellent accreditation and includes several climate-friendly solutions including 1,500 square meters (16,145 square feet) of solar panels, green roofs and gray water recycling. In addition to the residential units, the project also includes a health and wellbeing center, which will include a
