USAF acquires 2,100 bed student portfolio for £271 million
Unite Students, the UK’s leading developer and manager of student accommodation, announces that the Unite UK Student Accommodation Fund (“USAF”), in which the Group has a 22% stake, has exchanged contracts to acquire a 2,100 bed student accommodation portfolio for £271 million.
The acquisition will be funded in cash from the proceeds of USAF’s recent equity raise, announced on 19 May 2015. The acquisition will complete by 30 June 2015 …