Student accommodation developer, Unite Students, has sold 14 of its properties to Singapore Press Holdings for £180.5 million.

Comprising 3,436 beds, the portfolio features a combination of wholly owned, USAF and LSAV properties located in Plymouth, Huddersfield, Sheffield, Birmingham, Bristol and London. The deal is due for completion later this month.

-- Advertisement --

Richard Smith, Chief Executive of Unite Students, said: "This sale is an important part of our ongoing strategy of creating a high-quality portfolio aligned to the Universities with the highest student demand and the best long-term growth prospects.

"The UK's high and mid-ranked Universities are some of the most attractive for both home and international students, ensuring demand for our beds remains high. The transaction provides the investment capacity for our highly accretive development pipeline and target acquisitions that enhance our portfolio and support our earnings growth."

(LM)