Uliving Consortium’s £113 Million Wrapped Listed Bond Financing

Osborne Clarke has advised Equitix and Bouygues, acting as the Uliving Consortium.

The bonds are listed on The International Stock Exchange and are wrapped by Assured Guaranty.

The bond will finance 1262 new rooms at the University’s Colchester Campus as part of the third phase of development at the University. Bouygues UK will build the accommodation and Bouygues E&S will provide facility management services under a 50 year contract after construction.

Equitix is a global operator and investor in student accommodation and Bouygues designs and builds sustainable developments that enhance and transform communities for the better.

The Osborne Clarke team consisted of Partners Chris Wade (Picture), Nigel Drew and Andy Normington, Legal Director Chris Groves, Associate Director Amy Dimond, Senior Associates Bethan Moore, David Smith and Jasdeep Puri, Associate Griffin O’Rourke and Trainee Solicitors Joshua Harper and Andy Holt.

Involved fees earner: Amy Dimond – Osborne Clarke; Nigel Drew – Osborne Clarke; Chris Groves – Osborne Clarke; Bethan Moore – Osborne Clarke; Andrew Normington – Osborne Clarke; Griffin O’Rourke – Osborne Clarke; Jasdeep Puri – Osborne Clarke; David Smith – Osborne Clarke; Chris Wade – Osborne Clarke;

Law Firms: Osborne Clarke;

Clients: Bouygues (UK) Limited; Equitix ;

Author: Federica Tiefenthaler