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Funding and Development Risk Transfer

Customer
University of Southampton
Architect
Architecture PLB
Value
£80M GDV

Following a period of sustained growth the University of Southampton had identified a need for around 1,000 additional rooms of new student accommodation.

The University was looking for the new accommodation to be funded by the private sector although was prepared to underwrite the demand risk.

Outcome

Mayflower Halls was one of the largest developments of its kind to take place in Southampton and transformed a derelict site that had been empty for over a decade into valuable student living

The development enabled the University to reconnect with the city centre and remains one of its most popular halls.

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