In QuotedData’s other news 12 August 2019
Unite Group, one of the UK’s leading owners, managers and developers of student accommodation, announces that it has exchanged contracts to acquire a new 620-bed development site in Nottingham.The direct let development, which is subject to planning consent, will open in time for the 2022/23 academic year. Total development costs are estimated to be £48m.
- Schroder Oriental Income has cut its management fee – beyond 1 September 2019 a new lower management fee tier will be added for net assets above £750m, reducing the fee payable from 0.70% to 0.65%.
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