Unite Students has acquired two new sites in Aberdeen and Liverpool, which will have a combined total development cost of £80m.
The projects will include a total of 1,250 new beds, scheduled for completion in time for the beginning of the 2017,18 academic year.
The two schemes are expected to deliver a yield on cost of 9.5-10%.
Richard Simpson, managing director of property for Unite Students, said: “We are delighted to have secured two more excellent sites in strong regional locations in line with our development strategy.
“The new schemes will enhance our presence in two of our best-performing markets and provide much-needed accommodation capacity for the growing student populations.
“The acquisition of these sites means that we have now secured approximately 60% of our target 2017 pipeline, providing greater visibility of our future earnings growth.”
