This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

Second charity partnership for student accommodation

04 November 2008

Operon has created its second charity partnership, Chiltern Student Villages, to finance, build and operate new student accommodation for Buckinghamshire New University.

The Student Residences Project, a £32 million, 630 en-suite room scheme, has been created with the University and Bank of Scotland Corporate in a deal that will see the three parties co-own a new development in Hughenden, High Wycombe, for a 35-year period, at the end of which full ownership will revert to the University.

Operon’s first charity partnership with Aston University and Bank of Scotland Corporate, to finance, build and operate 3,000 student rooms, was launched earlier this year. The contract at Buckinghamshire New University starts in January when Operon will take over the facilities management for 400 rooms at existing accommodation, with the remaining 230 to be built during 2009. It is hoped that the new build will offer the scope to further increase the number of new units to 500.

The charitable approach to financing student accommodation, developed by UK Structured Finance, will enable the University to focus its capital resources on the enhancement of its academic and research activities.

Nigel Barker, group finance director, Operon, said: “We are delighted to be involved in this new charity partnership, which will bring tangible benefits to the student experience over the next 35 years. Operon is providing a sustainable whole life solution to maintaining the buildings, and our FM expertise will ensure that the scheme runs smoothly and efficiently.”

Derek Godfrey, deputy vice chancellor of Buckinghamshire New University, added: “Our new student accommodation is part of a major building and refurbishment programme being undertaken by the University. Our partnership with Operon is testament to our innovative approach to providing top quality resources for our students, so that they are able to make the best of the University experience.”

Operon is one of the UK’s leading facilities management, construction and design companies. It employs over 1,200 people and has a turnover in excess of £50million. The Company operates via a number of divisions comprising Facilities Management, Design, Construction, Environmental and Energy Management (GENEX), Catering, Private Finance Partnerships and Central Support, in the United Kingdom and Internationally.

Buckinghamshire New University
Buckinghamshire New University is the only state-funded higher education institution in Buckinghamshire. It has enjoyed a long and successful history since it was founded in 1893.The University offers an extensive portfolio of courses at undergraduate, postgraduate and sub-degree level. It also offers services to industry including contract research, consultancy and the opportunity to employ graduates. The University’s faculties are aligned to employment markets: creative and cultural industries; the management and information management sectors; and the public sector.

Contact Details and Archive...

Print this page | E-mail this page


View more articles
Article image

Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the r...
Article image

Chris Jarvis appointed as MD for JR&Co

Julius Rutherfoord & Co (JR&Co) are delighted to announce the appointment of Chris Jarvis to the role of Managing Director....
Article image

Meeting the needs of the post-pandemic working environment

Changes driven by the impact of the Covid-19 pandemic is requiring software developers to update their offerings to meet the demands in the changing workpl...
Article image

Rinnai opens new office at The Building Centre in the heart of London

Rinnai, leader in low carbon hot water heating units and systems, is opening a new office and permanent exhibition in the renowned Building Centre in the h...
Article image

Extended service offering results from purchase of Cooltech

Ecoserv has announced it has purchased the Cooltech Environmental Engineering business in a deal worth £3.5m....
Article image

Property company enters administration with £1.4m debt

Despite receiving government support during the Coronavirus pandemic, property management company ARPM has gone into administration, it was reported earlie...