University of Reading
£230m Estate Transfer
4th January 2012
DWPF advised UPP on the acquisition of the University of Reading’s entire stock of student residential accommodation.
As a part of the transaction, UPP’s existing partnership transactions with the University were refinanced into the same structure to create a single operating platform.
The deal closed in December 2011 and DWPF structured and arranged the finance for this transaction. Total finance raised was £230m with the full senior debt amount provided by Aviva Commercial Finance – its first transaction in the sector.