Unite swoops for Birmingham University accommodation scheme
Student accommodation group Unite has bought a University of Birmingham development as part of a £56m deal.
Unite Students Accommodation Fund has bought a 418-bed scheme in Selly Oak and a 222-bed development in Durham.
The purchases are in line with its strategy of targeting locations with high-ranking universities that have "a structural demand and supply imbalance".
Most of the funding is coming from the sale of a 128-bed studio scheme in central London for £42m.
Unite's group property director Richard Simpson said: "... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
