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Student property portfolio sale to raise £295m

Alex Turner
Alex Turner

Student accommodation developer Unite Students is disposing of £295m-worth of properties, including a site in Birmingham. The portfolio of sites, which also includes properties in Bournemouth, Edinburgh, Glasgow, Liverpool and York, provides 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. Unite's share ... for the full story register now for free or login below...

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