UOL to Acquire Student Accommodation Property in UK for £43.5 Million

UOL to enter UK student housing market with GBP43.5 mil Varley Park acquisition

UOL Group has acquired Varley Park, a complex of student residential halls, for GBP43.5 million ($75.7 million). The acquisition of the property, which has 771 operational beds across 22 blocks, marks UOL’s first foray into the student accommodation sector. The acquisition was made via a sale and purchase agreement (SPA) entered with the University of Brighton. The asset comes with a leaseback agreement with the university. “We see strong potent…

UOL to acquire student accommodation property in UK for £43.5 million

Property developer UOL is acquiring a complex of student residential halls from the University of Brighton in the United Kingdom for £43.5 million (S$75.6 million), marking its first foray into the student accommodation sector.