Sponsor news: UPP announces record year

University Partnerships Programme (UPP), the UK’s leading partnership provider of on-campus student accommodation, has announced 2007-2008 to be its most successful year ever. The success was attributed to to new university partnerships, record levels of funding to the university sector, award winning sustainable developments and over 99% occupancy across its portfolio.

In addition, UPP Group has undergone a strategic restructure that positions the company for its planned future growth. Supported by Barclays Capital, it is set to invest a further £1 billion into the higher education sector over the next few years.

Group chief executive Sean O’Shea said: “Following the restructuring of the company and the completion of six major transactions, we secured over £500 million in debt finance. It highlights that the higher education sector remains stable and very attractive to investors, despite the current economic climate.”