23rd Sep 2015 06:42
LONDON (Alliance News) - Student accommodation developer Unite Group PLC on Wednesday said it has acquired two sites in central Bristol for a total investment of GBP85.0 million.
FTSE 250-listed Unite said the sites are expected to provide accommodation for around 900 students and are expected to be completed in 2019. The sites are located close to the city's two universities.
"We are delighted to have acquired two high quality sites in Bristol. We look forward to developing these sites and adding more high quality student accommodation to our existing estate in a strategically important city," said Richard Simpson, the managing director for property at Unite Students.
By Sam Unsted; [email protected]; @SamUAtAlliance
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