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Contract Wins and Joint Ventures

Interserve-led consortium wins £85m university project

03 October 2017 07:40

An Interserve-led consortium has been selected for an £85m project by Durham University to finance, design, build and operate two new colleges in Durham City.

The consortium - which also comprises fund and asset management firm Equitix and on-campus student accommodation developer and operator, Campus Living Villages UK (CLV) - will finance, build and operate the two new facilities for up to 50 years.

Interserve's construction division will design and build the two new residential facilities, which will have up to 1,000 student bed spaces, plus associated academic and social college spaces on a University-owned area of land just to the south of the city.

Interserve will also design and build a University hub building on the same site, comprising student facilities and administrative space.

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