Stephenson Harwood’s client, the Interserve/Kajima consortium, has been appointed as the preferred bidder on the first private finance batch of the UK government’s flagship school-building programme — the Priority School Building Programme (PSBP).
The consortium will design, construct and maintain seven schools in Hertfordshire, Luton and Reading, worth up to £150m. The consortium beat rivals Morgan Sindall and Wates, which had also been shortlisted for the project.
Interserve is a support service and construction company operating in the public and private sectors in the UK and internationally. It offers advice, design, construction, equipment and facilities management services for society’s infrastructure.
Kajima is a project developer and property investor that develops, delivers and manages high-quality buildings for both the public and private sectors.
Stephenson Harwood will now be advising the consortium on the final phase of the project, with the aim of reaching financial close in late October 2014. A team led by projects and infrastructure partner Rebecca Carter and senior associate Ian Pumfrey advised the consortium.