Unite sells 13 properties

17 February 2017 Student accommodation developer Unite Students has exchanged contracts for the disposal of 13 properties in a 295m deal.

The company has sold off the properties, comprising 4,175 beds, to a Brookfield-managed fund and said completion is due in the second quarter of the year.

It is the first stage of Unite's plan to recycle assets during 2017 to take advantage of the ongoing strength in the investment market for well let student accommodation.

The portfolio comprises properties located in Aberdeen, Birmingham, Bournemouth, Edinburgh, Glasgow, Liverpool and York.

Unite said the proceeds will be used to fund its recent acquisition at Aston University, as well as to fund new development activity.

 

This page was last updated on:
21 September 2017.

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