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Keep up to dateBy Will Ing2018-11-15T07:00:00
Financiers worried by 50 year length of struggling firm’s contract
Interserve has pulled out of a joint venture picked to build and operate student homes after its financiers ordered it to do so, although it will still be responsible for constructing the project.
The firm was part of a consortium, Mount Oswald Colleges, which included asset manager Equitix and student housing specialist Campus Living Villages UK, appointed to deliver 1,000 homes for students at Durham university.
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