Unite Students acquires new site in Birmingham

Unite Students has exchanged contracts to acquire a new development site in central Birmingham on a subject to planning basis. May 19, 2016 / Isla MacFarlane
Unite Students acquires new site in Birmingham

The site will eventually provide a home for approximately 600 students, subject to obtaining the necessary consents.

Total development costs, including the cost of the land, are expected to be £40 million. The project is expected to achieve returns in line with Unite’s target for regional development and is anticipated to be delivered by 2019. The project will be funded by internally generated sources.

Richard Simpson, Managing Director of Property for Unite Students, said, “This central Birmingham site fulfils our criteria for growth and investment returns in a strong, regional location and we are delighted to have exchanged contracts to acquire it.

“Birmingham is a thriving university city and home to four Higher Education providers, offering a wide range of highly respected courses. When complete, the new property will provide a safe and secure home for the growing number of students attracted to Birmingham.”

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