Administrators appoint Derwent to operate four Opal student accommodation sites

Administrators appoint Derwent to operate four Op...

Derwent will manage and maintain the buildings, as well as marketing accommodation places to domestic and international students, handling all bookings and providing the full range of tenant services.

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Joint Administrators David Crawshaw and Rob Croxen from KPMG have appointed Derwent Students to operate four Opal student accommodation properties in Nottingham, Sheffield, Liverpool and Wrexham. 

Derwent will manage and maintain the buildings, as well as marketing accommodation places to domestic and international students, handling all bookings and providing the full range of tenant services.

The move follows the Administrators’ appointment in March 2013 to six Opal companies which separately own the four student accommodation developments, a residential building and a land asset.

Derwent currently operates approximately 15,000 student units, and has robust systems and infrastructure in place, as well as close working relationships with the universities.

David Crawshaw, Joint Administrator and Restructuring Partner at KPMG, said: “The appointment of Derwent will ensure that the four high quality student accommodation sites continue to attract and support new and existing domestic and international students, and help to meet the strong demand for accommodation near the cities’ universities. We have appointed Derwent due to its strong market reputation and to ensure that we continue to provide a high level of service to the students.

“Having stabilised operations at the six companies, we have received significant interest in the portfolio to date. We have appointed Savills to market the assets for sale.”

Martin Corbett, Managing Director at Derwent, commented: “Derwent Students will continue to enhance the student experience through letting and managing these high quality assets to an exceptional standard. We will also utilise our status as a housing association and our financial strength to attract interested parties and support the sale process.”

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For further information please contact:

Dave Lafferty, Citypress

T: 0161 235 0318

M: 07545 211 511


KPMG Press Office: +44 (0) 207 694 8773


Notes to Editors:

The appointments of David Crawshaw and Rob Croxen relate to the following businesses and locations:

  • South Yorkshire One Limited – Sheffield 3 – 80 Hoyle Street, Sheffield
  • Opal Nottingham Limited - Nottingham 1 – St Peter’s Street, Radford, Nottingham
  • Opal Aigburth Limited – Aigburth Park – St Michaels Road, Liverpool
  • Opal Condor Limited – Devell House, Wilmslow Park, Manchester
  • Opal Wrexham Limited – Snowden Hall, Vicarage Hill, Wrexham
  • OGSC Limited – land asset in Sheffield

About KPMG

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.

About Derwent FM

Derwent FM is part of the Derwent Living Group and provides a full range of student accommodation and hard and soft facilities management services. Derwent Students, its student accommodation division, manages a portfolio of over 10,000 beds, making it the fifth largest student operator in the UK.

For media enquiries please contact Elaine Lines at Go Publicity on tel: 0113 388 0008 or mobile: 07971 130343 or email:

About Savills

Savills plc is a global real estate services provider listed on the London Stock Exchange. Savills has an international network of more than 500 offices and associates across 45 countries throughout the Americas, the UK, Europe, Asia Pacific, Africa and the Middle East, offering a broad range of specialist advisory, management and transactional services to clients all over the world.


Claire Newing, Savills Press Office

T: 020 7016 3898


This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.

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