Student property portfolio sale to raise £295m

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... For the full story register now for free or login below...