The project to redevelop Challney Girls High School has reached financial close.

The school is one of the thirteen secondary schools in Luton which will be transformed in the third wave of the ongoing BSF programme, the largest ever school buildings investment programme in England. Most notably, Challney Girls High School is currently the only school in Luton that will be funded via PFI.

The project, which is valued at £28 million, is being undertaken by QED Luton (Challney) Limited, an SPV owned by Wates Construction, BSFI and Luton Council. Construction work has already begun and is scheduled to be completed in January 2011. Following this, operations will run for 25 years under the terms of the agreement.

Senior financing is being provided by SMBC, while subordinated debt investment by shareholders will be both direct and via the Local Education Partnership.

Operis served as model auditor on this project, providing a letter of support at the bid stage and a formal opinion on the model at financial close.

Share now

CONTACT US

Please get in touch with either of our regional offices.

https://www.operis.com/wp-content/uploads/2021/01/Erwan-Fournis-500x500.png
Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

[javascript protected email address]
https://www.operis.com/wp-content/uploads/2021/05/Carmen-Wade-500x500.jpg
Carmen Wade
Financial Advisory, Head of North America

+1 647 243 3840

[javascript protected email address]
https://www.operis.com/wp-content/uploads/2021/03/Jun-Tao-500x500.png
Jun Tao
Global Head of Model Audit & Financial Modelling

+44 207 562 0428

[javascript protected email address]
https://www.operis.com/wp-content/uploads/2021/04/Michael-Jarman-1.jpg
Michael Jarman
Head of Model Development

+1 647 243 8016

[javascript protected email address]
https://www.operis.com/wp-content/uploads/2021/05/Philip-Allen-500x500.jpg
Philip Allen
Head of Training [javascript protected email address]

Operis Europe

View Google Map
+44 207 562 0400
[javascript protected email address]

Operis North America

View Google Map
+1 647 846 7382
[javascript protected email address]

CONTACT US

Discuss your requirements with us

https://www.operis.com/wp-content/uploads/2021/01/Erwan-Fournis-500x500.png
Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

[javascript protected email address]
https://www.operis.com/wp-content/uploads/2021/03/Chirs-Aldred-500x500.png
Chris Aldred
Director

+44 207 562 0433

[javascript protected email address]
Name(Required)
Consent(Required)
This field is for validation purposes and should be left unchanged.