Bouygues signs £ 98 million deal for Essex varsity dormitories

The £ 98 million deal for Phases 2b and 2c of the Meadows program calls for 1,262 new bedrooms to be built, with accommodations expected to be completed by the beginning of the 2023/24 academic year.

The design, construction, financing and operation was signed by ULiving @ Essex3 LLP, a joint venture between investment partner Equitix (80%) and Bouygues (20%).

Bouygues will deliver the construction program while ULiving will operate the residences for 50 years after construction is complete.

The project comprises five new buildings, including a new hub building with a reception, post office, administration area and student union, as well as laundromats and staff welfare facilities.

Aaron Morby

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