The Unite Group, a leading developer and manager of student accommodation in the UK, has sold a portfolio of five assets to the Unite UK Student Accommodation Fund for £95.4 mln (EUR 107 mln). The transaction followed the successful completion of the £167 mln capital raising, inclusive of Unite’s co-investment, for the fund.
Legal & General Investment Management’s (LGIM’s) managed fund has acquired Tesco Yarrow Road Poole from clients of abrdn for £46.1 mln (€54 mln).
