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Unite Forms Student Housing Giant

LONDON-Three corporate acquisitions have pushed Unite to the top of the table as the UK's biggest provider of student housing.

By Graham Parker | Updated on June 04, 2001

LONDON-Three corporate acquisitions have pushed Unite to the top of the table as the UK’s biggest provider of student housing. The deals, worth a combined £139.5 million ($198 million) will provide Unite with an additional 5,231 beds.

In the biggest deal, Unite has bought its main rival, UniLodge, for a total cost of £108.8. million ($154 million). UniLodge operates nationwide, and currently owns 2,524 rooms with a further 1,590 rooms under development. The UniLodge portfolio is strongest in Scotland and the North of England, whereas Unite had a bias towards the South of England. The only significant areas of overlap are in Manchester and Liverpool.

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