BDC

Engie Wins £195m Student Accommodation Scheme

LOGO_ENGIE

A major new £195 million student accommodation scheme for Kingston University in London has announced the regeneration specialist, Engie, as the preferred bidder. As part of the contract, the firm will be responsible for energy management and monitoring across the site, as well as bringing leading edge technology to deliver a sustainable student experience and also optimising levels of energy efficiency within the buildings.

Initially, Engie will provide a £55 million redesign and refurbishment of the existing student accommodation, followed by a 50-year facilities management and lifecycle contract worth a further £140 million.

Moreover, alongside leading infrastructure investment firm, Equitix, Engie will also take an equity stake in the refurbishment project. Engie will carry out interim FM services during the refurbishment phase.

“We are delighted to have been selected as preferred bidder by Kingston University for this first-of-its-kind contract for ENGIE in the UK. This is further proof of the ability of our teams to combine their energy, services and regeneration expertise to propose integrated offers meeting the public sector needs. This project illustrates how ENGIE’s global approach meets its client’s needs in their entirety and complexity. This is enabled by a comprehensive offer and by an integration into local and global ecosystems. The project is aligned with our strategy to assist local authorities and other public sector customers, working alongside them to shape the future use of their estates and public spaces through planning, design and management, to improve the lives of those who use them,” said Judith Hartmann, Engie Chief Financial Officer and Executive Vice President in charge of the United Kingdom and North America Business Units.

As a leader in the energy revolution, Engie offers a comprehensive range of clean mobility solutions that transform the way energy is used. The Group has developed a systems-based approach that combines its skills and expertise in alternative fuels, transport infrastructures, smart transit systems, and upstream design and planning.

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BDC 299 December 2022