Bank facility in place
Developer secures £39.7m to build green campus
The funding agreement is the first in Scotland and the largest loan yet under Lloyds Bank Commercial Real Estate’s Green Lending Initiative.
HFD has agreed a partnership with University of the West of Scotland (UWS) and South Lanarkshire Council to develop the 38-acre modern campus at Hamilton International Technology Park (HITP), just two miles from the existing UWS site in Hamilton.
Three existing EcoCampus buildings are being connected by a three-storey Street Atrium.
The carbon neutral buildings include eco-friendly features such as rain water harvesting and operate on 100% renewable power from the development’s wind farm.
Matt Bellshaw, Director at HFD Property Group, said: “The new UWS Campus at EcoCampus will be one the UK’s most environmentally-friendly higher educational facilities.”
Allan MacKenzie, of Lloyds Bank Commercial Real Estate, added: “We are a long-standing partner of HFD and after our Green Lending Initiative was launched we started working with them to see how they could leverage it for EcoCampus.”
The campus relocation is the final phase development at the HITP enterprise zone.
The UWS decision to remain in South Lanarkshire is estimated to be worth at least £443million to the local economy over the next 25 years, according to an independent report prepared for South Lanarkshire Council by EKOS.
Graham Black, UWS Estates, said: “Our new Lanarkshire Campus will be a game changer for UWS and for the higher education landscape across the UK.
“Through the new Campus we will develop some of the UK’s most advanced learning facilities which is great news for UWS students, colleagues and stakeholders.
“The environmental credentials of the new campus will be second-to-none and, when combined with our innovative and flexible learning and research spaces, will deliver a university campus that will be an exemplar of outstanding practice on the international stage.”