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19/05/2016

Unite Acquires Development Site In Birmingham

Student accommodation developer Unite Students has purchased a new development site in central Birmingham.

The Group plans to build a £40 million development to provide a home for around 600 students.

The project will be located adjacent to another Unite building and will increase the number of beds Unite operates to around 3,300 across five properties.

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The scheme is due to be delivered by 2019.

Richard Simpson, MD of Property for Unite Students, added: "This central Birmingham site fulfils our criteria for growth and investment returns in a strong, regional location and we are delighted to have exchanged contracts to acquire it.

"Birmingham is a thriving university city and home to four Higher Education providers, offering a wide range of highly respected courses. When complete, the new property will provide a safe and secure home for the growing number of students attracted to Birmingham."

(LM/MH)

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