UPP grows finance team

UPP responds to growing turnover by strengthening Projects Board with appointment of new Finance Director

UPP, a leading provider of campus infrastructure, student accommodation and specialist residential services, has announced the appointment of Nicola Morris to the UPP Projects Limited Board.

Nicola has been with the Group for nearly a decade and will also be continuing in her current role as Group Financial Controller – a position which she has held since 2009. She will retain responsibility for financial matters across the Group. 

This appointment comes on the back of three landmark years for the business during which it has secured new shareholders, accessed the capital markets under its £5 billion bond programme and grown turnover to £134.4 million and bed numbers to 30,000. Nicola has played an instrumental part in many of the key transactions over her decade with the company – most recently last year’s extension of the UPP bond to over half a billion pounds with the inclusion of its scheme at the University of Exeter. 

Gabriel Behr, UPP Group Finance Director said: “I am delighted to announce that Nicola Morris will be joining the UPP Projects Board as Finance Director. Nicola has been instrumental to the achievements of the Group over the last three years and I am pleased to be working with her as we grow our partnerships and expand our portfolio of rooms” 

On her appointment to the role as UPP Projects Ltd Finance Director, Nicola Morris said: “The market conditions remain strong for investment both in the UK’s Higher Education institutions and in UPP’s business model. The UK HE estate has an estimated £5bn backlog maintenance requirement which desperately needs funding. Applications and student numbers are rising and student expectations are also increasing. It’s great to be involved in the sector at such an exciting time for investment” 

UPP is the leading provider of student accommodation, campus infrastructure and residential services. To date UPP has invested £2 billion in the Higher Education sector and plans to invest a further £1 billion into UK universities over the next four years. UPP’s first bond issuance in 2013 was a first for the sector and represented a ground-breaking step to secure the long term health of the Group’s existing partnerships as well as a platform for future growth.

Nicola joined the Group in 2006. Nicola has a wealth of experience as a qualified FCA Accountant, having trained with Chantrey Vellacott. Prior to joining UPP she worked at Arthur Anderson and previously at music label Boosey & Hawkes PLC.

www.upp-ltd.com 

 

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