Unite offloads £295m of student properties
Student accommodation developer Unite Students is disposing of £295m worth of properties, including a site in Liverpool.
The portfolio of sites in Birmingham, Bournemouth, Edinburgh, Glasgow, Liverpool and York, provide a total of 4,175 beds.
Unite is selling to a Brookfield-managed fund, with completion of the sale set for the next quarter.
Unite said it was part of its strategy to fund its development pipeline, in which it will ‘recycle’ up to £200m of assets during 2017.