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(Alliance News) - Unite Group PLC on Wednesday said it has agreed commercial terms with the University of Leeds for its White Rose View development.
White Rose View is located in Leeds city centre, near to the University of Leeds and Leeds Beckett University.
The FTSE 250-listed purpose built student accommodation provider said the deal covers 559 of the 976 beds in the development, which will open in time for the 2020/21 academic year.
Unite also said it has worked in partnership with the University of Leeds to support the scheme through planning and developing its design.
This new agreement extends Unite's existing relationship with the University of Leeds, helping to meet the accommodation needs of its 38,000 students.
"The University of Leeds is a highly valued partner of Unite with our relationship dating back more than 15 years," said Chief Executive Richard Smith.
"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," added Smith.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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