LONDON: British residential developer Watkin Jones Group has agreed to sell a newly developed, 784-bed student accommodation scheme in Glasgow to a joint venture predominantly owned by Maslow Capital, the company announced on Tuesday. The transaction, which values the project known as “The Ard” at a projected £182 million upon completion, underscores a strategic move…
LONDON: The Unite Group PLC, the UK’s largest provider of purpose-built student accommodation (PBSA), has reached an agreement to acquire rival Empiric Student Property PLC for approximately £723 million in a cash and share deal. The acquisition, which is recommended by both companies’ boards, aims to create a combined portfolio valued at £10.5 billion and…
LONDON: Unite Students, the UK’s leading student accommodation business, announced that it has exchanged contracts to acquire a new 300-bed development site in central Edinburgh, which forms part of a wider mixed-use redevelopment. The Company is targeting delivery of the direct-let development for the 2023/24 academic year however, subject to planning consent, this timetable may…
LONDON, UK: St. Modwen has completed the sale of its interests in a purpose-built student accommodation building at Swansea University Bay Campus for a total consideration of £38 million. The 411-bedroom accommodation was sold to University Partnerships Programme (UPP Group Limited), a leading provider of on-campus residential and academic accommodation infrastructure. Following completion of the…