PIC publishes on its website:
“London, 10 January 2019 – Pension Insurance Corporation plc (“PIC”), a specialist insurer of defined benefit pension funds, has completed a further £125 million investment with University Partnerships Programme (“UPP”), the UK’s leading provider of on-campus residential and academic accommodation infrastructure. The investment will allow UPP to design, build, fund and operate 1,182 high-quality and affordable bedrooms for the University of Exeter, one of the UK’s top universities.
This deal follows a £37 million investment by PIC in 2018 to fund UPP’s development of 382 new student bedrooms for the University of Exeter’s Moberly and Spreytonway projects. To date, PIC has invested £1.2 billion in the university sector around the country. “
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