U.K.-based Unite Students has sold a portfolio of eight properties, comprising 2,284 beds for £133 million (€156 million/$185 million).
The disposal portfolio, which includes properties in Birmingham, Exeter, Manchester, Coventry and Wolverhampton, has been disposed of to a fund managed by Aventicum Real Estate.
The sales are part of Unite Students’ proactive portfolio management strategy and will see it exit a number of noncore markets to focus on high- and mid-ranked universities.
Completion has now taken place for the disposal of seven of the eight properties in the portfolio for £120 million (€141 million/$167 million). The disposal of one remaining property in Manchester for £13 million (€15 million/$18 million) is expected to complete later this year.
