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Cowlin grabs £30m PPP education first

CONTRACTS - DEVON

COWLIN has bagged a multimillion pound development to put up campus buildings for Plymouth University under a PPP deal.

The scheme is the result of an agreement between the university and private investor University Partnerships Programme.

UPP, which is owned by its management team, investment firm 3i and Barclays Bank, will stump up £30 million to develop teaching accommodation and student residences.

PPP has been used for student accommodation before but this is believed to be the first time it has been used to rebuild campus facilities.

Cowlin, which is not part of the UPP consortium, will build a lecture theatre, classrooms, library, support offices and a refectory intended primarily for the university's Faculty of Education, which will move from Exmouth to Plymouth in 2008.

The scheme will also involve building 322 en suite bedrooms in the centre of the university's campus, as well as refurbishing and upgrading some existing buildings to provide a further 126 rooms. Work is due to start immediately.