22 October 2018 | Herpreet Kaur Grewal
Energy and services group Engie is the preferred bidder for a new £195 million student accommodation scheme for Kingston University in London.
The contract will see Engie provide an initial £55 million redesign and refurbishment of existing student accommodation, followed by a 50-year FM and life cycle contract worth another £140 million.
Engie will also take an equity stake in the project, alongside infrastructure investment firm, Equitix. The group will also carry out interim FM services during the refurbishment phase.
The progressive placemaking project will deliver 1,332 new energy-efficient, state-of-the-art bedrooms to the Kingston Hill and Seething Wells halls of residence.
Following the initial refurbishment phase, Engie will be responsible for the FM and life cycle management of the remodelled halls - from furnishings, such as student desks and beds, through to infrastructure replacement including electrical wiring, shower facilities and lifts.
Engie will also support the day-to-day lives of the students, from reception management to communal area cleaning, as well as enabling high-speed Wi-Fi and IT services.
It will carry out energy management and monitoring across the sites, bringing innovative technology to deliver a sustainable student experience and optimising levels of energy efficiency within the buildings.
The deal aligns with Engie's wider strategy to combine its capabilities to assist local authorities and other public sector customers with placemaking.
Refurbishment and building work are likely to begin next June, with an expected completion date of August 2021.