Unite inks accommodation partnership deal with University of Leeds
StockMarketWire.com - Student accommodation developer Unite said it had agreed commercial terms with the University of Leeds for a 30-year nominations agreement for its White Rose View development in the English city.
The agreement covered 559 of the 976 beds in the development, which would open in time for the 2020/21 academic year.
Unite had worked in partnership with the University of Leeds to support the scheme through planning and developing its design.
'The University of Leeds is a highly valued partner of Unite with our relationship dating back more than 15 years,' chief executive Richard Smith said.
'This latest partnership agreement supports our focus on the quality and security of our income, by aligning with mid and high-tariff Universities where there is strong demand for affordable, high-quality student accommodation.'
'We continue to target one to two new University partnership deals per year.'
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