Sanctuary Housing is pleased to announce the successful negotiation of a major construction and facilities management contract for
Queen Margaret University College in East Lothian , Scotland . This contract win follows a similar project Sanctuary concluded with the University of Lincoln at the end of September.
The contract is part of the complete relocation of Queen Margaret’s campus from Edinburgh to a new 35 acre site in Craighall, East Lothian.
Over 4,000 students will relocate from existing campuses at Corstorphine and Leith to the new site once construction of the new academic buildings and residences are complete.
The new project involves Sanctuary developing the £30m construction of 800 new halls of residence on the site and providing day-to-day facilities management services for the new student accommodation.
Sanctuary has a pre-agreed deal to transfer the residences to a new charitable vehicle which will be known as Queen Margaret Student Solutions (QMSS) once construction works are complete. Funding will be provided by Bank of Scotland Corporate. QMSS is to be jointly owned by Sanctuary Housing, QMUC and Bank of Scotland Corporate.
By establishing this special purpose vehicle as a charitable company, QMSS is able to return all generated surpluses back into the residences so allowing for the continuous improvement to the quality of accommodation offered to students at the University.