Barclays nears UPP sale
Barclays Capital is reportedly just weeks from selling its £1 billion stake in the University Partnerships Programme (UPP) student accommodation company.
Today’s Financial Times, citing sources close to the deal, reports that Dutch pension fund PGGM was likely to sign a deal in October to buy the bulk of Barclay’s 80% stake in the group.
UPP’s management would retain their share of the firm …