Unite Group secures £116m sales

Unite Group, the UK’s biggest student accommodation provider, yesterday said it had concluded the sale of four properties for a combined total of £116m. Two of the disposals, totalling £39m, were made to third party purchasers and two were sold to co-investment vehicles for £77m. It said the sales meant that the group was on track to achieve its target to reduce leverage to approximately 50 per cent loan-to-value by year-end.