The Unite Group, a provider of student accommodation in the UK, has acquired a £114.5 mln (EUR 171 mln) portfolio of student apartments from peer Base Limited. The transaction comprised the purchase of five properties with a total of 1,592 bedd in Liverpool. Leicester and Sheffield for £76.4 mln. The properties are over 98%-occupied and generate an estimated net annual income of £3.7 mln. Three of the properties are located next to existing Unite student buildings.
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