Business Journal
Equans has received a £140m contract for the assemble, damage and maintenance of a student lodging block in London.
The client, London College of Economics (LSE), selected Engie’s rebranded companies and development alternate to atomize the lodging for postgraduate students in Glengall Hall, Southwark, in south London. Over a Third of the housing has been earmarked for decrease-earnings students and rooms can even be let at a decrease rate rate.
The brand new damage, called Spark Residing, will home 676 beds in a 15-storey tower. The frequent areas will comprise a gym, courtyards, terraces, a cinema room and office attach for workers. The target will likely be to prevail in a ‘very factual’ BREAAM score.
On completion of development, Equans will start a 50-year companies administration contract. The lifecycle nature of the contract requires Equans to behold after the furnishing, infrastructure maintenance and IT. This might maybe well also additionally oversee vitality administration and monitoring.
The job has been funded by the college and a pension fund in an 80: 20 split.
Divisional chief executive for Equans UK and Eire, Colin Macpherson, acknowledged: “Now we dangle a substantial portfolio of universities, which we’re actively supporting to prevail of their get dangle of-zero carbon targets, and for the time being tackle extra than 10,000 student rooms across the UK, so LSE is an pleasing addition.”
In March 2021, an Engie consortium modified into awarded a £200m housing and student lodging diagram at the College of Birmingham.
In November, the French contractor Bouygues finalised a deal with Engie to expend its international Equans development and companies operations.
