Oxford University strikes a $5 billion deal to fund graduate student housing, subsidized accommodation for staff and science parks
The arrangement with Legal & General will fund student housing, subsidized staff accommodation and science parksLONDON—The University of Oxford signed a deal with the U.K. insurer and asset manager Legal & General Group PLC to provide £4 billion in funding over 10 years to build graduate student housing, subsidized accommodation for university staff and income-generating science parks.
The unusual financing arrangement locks in long-term funds for the university while Legal & General gains access to several of the institution’s development projects.
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