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Unite Group buys two Bristol sites

Frank Prenesti

LONDON (ShareCast) - (ShareCast News) - Student accommodation developer Unite Group (LSE: UTG.L - news) said it has bought two sites in central Bristol to provide homes for around 900 students by 2019. Total (Swiss: FP.SW - news) development costs, including the land, is expected to be £85m, the company added.

"The sites are well located to house students from both of the universities in the city and provide Unite with an opportunity to further strengthen its relationships with two long term partners," Unite said in a statement.