Unite Group has agreed to acquire a close to 1,000 bed development site in London estimated to cost around £195m to build. The acquisition is subject to achieving a planning consent and is being supported through planning by Kings College London. Located in Middlesex Street, the new building is planned to be completed for the 2021/22 academic year. It is estimated to generate a development yield of around 6.25%, in line with Unite Group's target for University partnership transactions.
-6.50p (-0.83%)delayed 16:44PM