Member Article

Unite Students acquires £34m Durham accommodation scheme

Property developer Unite Students has acquired a student accommodation development in Durham for £34m.

The ‘forward funded’ asset, which will be open in September this year, will provide a home for 363 students.

The acquisition grows Unite’s presence in the city, which is hopes to further. Currently, the company houses 50,000 students, in more than 140 properties, across 28 university cities in England and Scotland.

Richard Simpson, Group Property Director, said: “This latest acquisition further extends our high-quality development programme in a strong regional location where there is strong demand for purpose built student accommodation.

“Our strategy remains focused on high quality Universities like Durham, where we see sustainable growth.”

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