DIF Capital Partners (DIF) has reached a financial close on the London School of Economics & Political Science student accommodation PPP project in London, UK.

Pension Insurance Corporation plc (PIC) has provided funding of GBP129 million (USD175.62 million) for the project. The investment done by PIC is a long-dated, inflation-linked loan that is maturing in 2069.

The project involves the design, build, operations and maintenance of a 15-story residence with a capacity for 676-beds along with communal spaces, a gym, three roof terraces, a cinema room and two courtyard gardens. The project will be built on Glengall Road, Southwark and is expected to be completed in 2024.