StockMarketWire.com - Student accommodation developer Unite said it had completed its planned acquisition of Liberty Living from Canada Pension Plan Investment Board.

'I am delighted that we have completed the transformational acquisition of Liberty Living, reinforcing our position as a leading provider of purpose-built student accommodation in the UK,' chief executive Richard Smith said.

'The deal will accelerate our earnings, driving meaningful accretion from 2020 onwards.'

'It also gives us enhanced scale which, combined with our best-in-class operating platform, means we are well-placed to meet the substantial market opportunity from the 1.5m students requiring accommodation each year.'




Story provided by StockMarketWire.com