Quayle Munro Limited is pleased to announce that it has advised the University of Bedfordshire on its successful £40 million deal with Campus Living Villages (“CLV”) to increase the amount of on-campus residential accommodation available to students in Luton. 

The project will involve CLV designing, financing and operating 850 new en-suite rooms, flats and studio student accommodation, with communal areas for socialising and study, across two developments, Manor Road and Vicarage Street.  

Both developments will be consistent in terms of design and sustainability with the strategic policies of Luton Borough Council’s development plan and their regeneration aspirations for Luton town centre.

The project will be delivered in two phases between August 2011 and 2012, and forms part of the University’s significant £140m investment to provide modern campuses to its students with state-of-the-art equipment, offering them the best possible learning environment.

Barclays Corporate will provide the senior debt. 

For further information:

Peter Lyons, Quayle Munro: 0131 222 2613
Andrew Wilde/Gemma Froggatt, Smithfield:  020 7360 4900

Notes to Editors:

Quayle Munro (www.quaylemunro.com) is a leading independent corporate finance adviser established in 1983.  With 30 professionals in Edinburgh and London, Quayle Munro has advised on over 90 corporate finance transactions in the past five years with a total value in excess of £5 billion.  The Quayle Munro corporate finance advisory team in Edinburgh is a leading adviser to universities and colleges, specialising in business case preparation for capital investment; residence and estates funding and procurement strategies; and all aspects of debt funding, including interest rate hedging.  They have developed a particular expertise in advising on student residence projects.