Unite Groups Dips Into Share Placing Funds To Buy Edinburgh
Student accommodation provider Unite Group PLC Tuesday said it has acquired a 1.8 acre development site on St Leonard’s Street in Edinburgh, subject to planning and funding agreements, for an undisclosed fee.
Unite Group did not name the seller.
The property, which is in close proximity to the University of Edinburgh, has a total development cost of GBP38 million and is expected to deliver returns in line with the firm’s targets for regional development …