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Aviva Investors provides forward funding for new student village complex at Staffordshire University
Transactions - JULY 11, 2024

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Aviva Investors provides forward funding for new student village complex at Staffordshire University

by Released

Aviva Investors has agreed to acquire and forward fund a fully amortizing lease for the creation of a new student village at Staffordshire University in the United Kingdom.

The investment has been made on behalf of Aviva’s insurance, wealth and retirement business, with Aviva Investors providing forward funding via a lease and leaseback structure.

The new student village scheme will be located at the Stoke-on-Trent Campus on the Leek Road site. It is expected to deliver approximately 700 new beds, as well as a new student hub on a vacant brownfield site adjacent to the existing accommodation, while also refurbishing 297 existing bed facilities at Clarice Cliff Court. Students will benefit from easy access to the new student hub and the main university campus, including the Catalyst Building, which comprises a high-tech regional hub for students, staff and employers, as well as catering facilities.

All student housing buildings will target EPC A ratings for ene

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