Unite Gets Planning Approval For Central London Site
Unite Group PLC has received planning approval for the development of a new student property in Islington, central London.
The FTSE 250-listed student accommodation developer and manager said the new site will comprise of 900 beds, with the 260,000 square foot scheme forecast to require total development costs of GBP93 million and yield on cost of 8.8%.
The central London site is on Holloway Road, and was acquired from London Metropolitan University in 2013. The 1.4 acre site has transport links to a number of London’s university sites …