ENGIE, has been announced as the preferred bidder for a major new £195 million student accommodation scheme for Kingston University in London.
The contract will see ENGIE provide an initial £55 million redesign and refurbishment of existing student accommodation, followed by a 50-year facilities management and lifecycle contract worth a further £140 million. ENGIE will also take an equity stake in the project, alongside leading infrastructure investment firm, Equitix. ENGIE will also carry out interim FM services during the refurbishment phase.
The new contract aligns with ENGIE’s wider strategy to combine its capabilities to assist local authorities and other public sector customers with placemaking. ENGIE works alongside them to shape the future use of their estates and public spaces – supporting with planning, design and management – to improve the lives of those who use them.
The progressive placemaking project will deliver 1,332 new energy efficient, state-of-the-art bedrooms, to the Kingston Hill and Seething Wells halls of residence at the university, while improving the overall student experience.