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Mills & Reeve has advised the University of Hertfordshire on a PFI project to redevelop 1,600 student residences and build a sports centre and leisure facility in partnership with Carillion Private Finance and the Royal Bank of Scotland. The deal was financed through a bond issue worth £60m. Partner Raith Pickup led the team, assisted by Bridget Archibald. Ashurst Morris Crisp, led by partner Philip Vernon, advised Carillion, while Allen & Overy, led by partner Anne Baldock, advised Financial Securities Assurance, which insured the bond issue.

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