Barclays to sell remaining UPP stake to Chinese investor
Barclays Infrastructure Funds Management (BIFM) has entered exclusive talks with a Chinese investment firm, regarding the sale of its remaining stake in student housing company UPP.
Citing sources close to the deal, Bloomberg reported yesterday that the bank was in talks to sell its 40% stake in the group to Gingko Tree Investment.
The move would complete Barclay’s long-planned sale of the firm. Barclays Capital, which owns BIFM, first considered selling UPP after a strategic review in the spring of 2010 …