GIC acquires two student houses from Unite Group
Unite Group has completed the sale of its two student housing blocks with 1,358 beds in Wembley and Whitechapel to LSAV, a London student accommodation joint venture. LSAV is a JV of Unite Group and GIC sovereign wealth fund.
The transaction is valued at GBP342 million (US$472.35 million), LSAV will get GBP208 million (US$288.54 million) from Unite group and an 8-year loan for GBP140 million (US$194.2 million) by Barings. Operation and management of the properties will be handled by Unite Group, under its management agreement with LSAV.
Country updates
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June 18, 2021
Extended deadline for CAV project in Newcastle upon Tyne
Newcastle University has extended the deadline for its Campus for Ageing & Vitality (CAV) project in the UK. The new deadline for the tender seeking a development partner is July 12, 2021. The pr...
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June 17, 2021
Contract awarded for school blocks as part of Priority School Building Programme Phase 2 in UK
The Department of Education of the UK has selected Kier to deliver two new blocks for the Saint John Henry Newman Catholic School in Stevenage. The contract was awarded through the Priority School Bui...
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June 15, 2021
Planning permission granted for Havant Thicket Reservoir PPP project
Portsmouth Water has received permission from local authorities in Hampshire, UK to continue with plans for the Havant Thicket Reservoir PPP. A detailed planning application for the reservoir, along w...
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June 15, 2021
John Laing presented the scheme document for its acquisition
John Laing Group plc (John Laing) has published a Scheme Document, that contains the complete terms and conditions of the company's acquisition by KKR and Equitix. On May 19, 2021, John Laing a...
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June 08, 2021
RFEOI launched for St Annes Town masterplan
Fylde Council in St Annes, UK has launched a request for expression of interest (RFEOI) seeking a technical consultant for the St Annes Town Center masterplan project. The consultant will help the aut...
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