Unite, the largest manager of student housing in the UK, has exchanged contracts to sell eleven assets for £179mln, or a net initial yield of 5.8%. The properties are being sold in two separate transactions to Liberty Living, the student accommodation arm of Brandeaux Fund Management, and Swanbourne. In the larger of the two deals, Unite is selling nine properties, comprising 3,810 beds in Southampton, Cardiff, Preston and Stoke, for £152mln.
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