Last Friday, 138 SL Restoration, a new subsidiary of 138 Student Living Jamaica Limited, signed
a concession agreement with the University of the West Indies (UWI) to renovate some student residences at a cost of $2 billion.
Parent company 138 Student Living is currently providing 1,584 new student residence units – spanning 11 new high-rise blocks – at the Mona campus in Kingston under an agreement with the university to finance, build and operate through a 30-year concession agreement.
Its new subsidiary will “renovate and reconfigure” the Gerald Lalor post-graduate flats on the campus, which will take the room count from the current 48 to 72, with delivery by December 2015. Irvine Hall will be demolished and reconstructed by delivery date of 2017, in time for that school year. Rooms on the rebuilt hall will be a maximum 600 units.
Published in the Gleaner
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