Barclays to offload UPP
Barclays is set to break up and partially sell student accommodation provider University Partnerships Programme (UPP).
Education Investor reports that the process is expected to raise Barclays £800 million, which will help fund future developments.
It is expected that UPP, which is owned by the infrastructure funds of Barclays Capital, will now be split into two. The assets will be sold to a standalone fund and asset management business, open to institutional investors …