University of Exeter – West Park

QMPF is delighted to have supported University of Exeter in reaching Financial Close for the development of its West Park Student Residences development which will be delivered for the University by UPP.

QMPF has supported the University from project inception, through procurement, and navigating challenging financing and planning landscapes to deliver this significant project for the University. Delivered under a design, build finance and maintain partnership, the project will be financed using an indexed lease (commonly referred to as an income strip) and is the fourth such development on which QMPF has advised the University, through an advisory relationship that spans over 15 years.

On completion, the project will deliver over 1,800 bedrooms, with rooms being completed for both 2027/28 and 2028/29 academic years. The new accommodation has been designed to be Passivhaus certified with hot water produced by heat pumps and the new development being completely gas-free, reflecting the University’s focus on sustainability and its wider net zero strategy.