Congratulations to our clients HOCHTIEF PPP Solutions and Plenary Group on being awarded Property Week’s ‘Deal of the Year’ for their student accommodation project at the University of Staffordshire.
The award is testament to the persistence and collaboration of all parties and advisors involved, driving forward a complex project through challenging economic conditions.
The landmark project for the university features 1,000 student rooms, a new village hub and strong sustainability credentials with deployment of a large solar energy system. Construction is progressing well and is due to be completed in 2026.
Partner, Simon Johnson said: ‘At Financial Close I noted that the student accommodation sector must rise to the challenge of completing projects even in the face of pressures on construction, operating and financing costs, without making student rents unaffordable.
So it’s very satisfying to see Property Week judged our University of Staffordshire project to be student accommodation Deal of the Year 2024, and in particular to recognise the exceptional collaboration, expertise and dedication of all the parties involved. The intricacy and innovation of the complex DBFO deal was also highlighted.‘
