Vinci Construction UK and Sheffield City Council reached financial close on 23 March 2011 for another phase of the Sheffield BSF project. The current phase involves the complete redevelopment of Bradfield Secondary School and the maintenance of the school until July 2037. Construction work is expected to be fully completed in July 2013.
The funding of around £23 million was provided by Aviva Commercial Finance.
Operis provided financial model due dilligence services as well as a tax and accouting review for the lender and the sponsor.