UNITE Group sells EUR338m of assets to USAF, Morley property fund

UK student housing company UNITE Group said it has completed the planned sale of some £242 mln (EUR 338 mln) of assets following the redemption of UNITE Finance One bonds announced in October. The bulk of the assets, worth £220.3 mln, were sold to the UNITE UK Student Accomodation Fund while £21. 4 mln of leased assets were sold to Morley, the property fund management arm of British insurer Aviva, which purchased them on behalf of its Lime Property Fund.

Premium subscriber content – please log in to read more or take a free trial.

Events

Latest news

Best read stories