university accommodation refinanced

At the end of March, University Partnerships Programme (UPP) reached financial close on the refinancing of its Nottingham Trent University (NTU) student accommodation PPP.

Allianz Global Investors provided funding through an index linked bond, with UPP and Nottingham Trent University providing the subordinated debt and equity.

The project relates to the Byron Residence at NTU which initially closed in 2012, containing senior debt with a five year tenor.  It involves a 40-year concession to deliver a 911-bed hall of residence, as well as new student union facilities, a gym, cafe, and entertainment venue.

Mazars provided tax advisory and model audit services on this transaction from our teams based in London and Delhi. is the blogsite of the Mazars model audit team – the global #1 in financial model audit.

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