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08Sep94 UK: WIMPEY IN FIRST DBOO BID - STUDENT ACCOMODATION PARTNERSHIP.

Wimpey is in final negotiations with the University of Greenwich on the first design-build-own-operate scheme for student accommodation.But the go-ahead depends on whether costs can be pared down to a level where rooms can be leased to students at a rent they can afford.Wimpey is working in partnership on the £10 million project with Paddington Churches Housing Association and catering firm Chartwell.The partnership will run for 25 years, after which ownership of the student village at Avery Hill, south London, would revert to the university.Wimpey will offer a full building maintenance service, including day-to-day repairs.University estates officer Sue Adams said: 'We have spent nine months whittling down bids, and this is the last one left.'The deal depends on whether we can get costs down to a level which students can pay. There is no income except rents.' CONSTRUCTION NEWS