Merced reaches financial close in US$1.338 billion expansion of University of California

On August 12, 2016, the Plenary Properties Merced consortium (“Plenary”) reached financial close on the UC Merced 2020 Project, which is the next major phase of campus development at the University of California, Merced. This planned expansion of the University of California, Merced campus, beginning in Fall 2016, will almost double the physical capacity of the campus, providing significant amounts of new teaching and research facilities, housing, athletics and support spaces. By the time the expansion is complete in 2020, University of California, Merced will be able to comfortably accommodate 10,000 students. Fasken Martineau acted for Plenary with a team led by Brian Kelsall and that included Ella Plotkin, Sean S. Stevens, Sean Morley, Marc Lefler, Kathleen Butterfield and Áine O’Connor.