A £85 million cooperative project will start between Equitix, Interserve, and Campus Living Villages UK by Durham University to fund, design, construct and manage two new colleges in the city of Durham.
The work on this project is expected to start next March at the Mount Oswald site. The two new residential blocks which will have more than 10,000 student bed spaces will be designed and built by Interserve's construction division. On the same site, a University hub building will be established as well, encompassing student facilities and administrative space.
Interserve’s chief executive, Debbie White, stated that: “We look forward to building on our 15-year relationship with Durham University by starting work on this exciting project, following the opening of the Interserve-built Ogden Centre for Fundamental Physics in March.
“At Interserve, we are committed to investing in the communities in which we work and we will be continuing to engage with local suppliers as well as creating local job opportunities.”
In addition, Richard Gabelich, the CEO for Campus Living Villages UK, said: “We are delighted to be an integral part of this consortium in delivering a fantastic student-centric project for one of the world’s top universities
Simultaneously, the chief operating officer at Durham University, Jane Robinson, claimed that: "Our ambitious University Strategy, 2017-2027 aims to ensure we continue to deliver world-class research, education and wider student experience. The development of two new colleges at Mount Oswald is a key project in delivering a wider student experience as good as anywhere in the world. We are very pleased to be working with the consortium to deliver this project."