Dutch pension fund to buy British student accommodation builder
Dutch health service pension fund PGGM is in exclusive talks to buy the biggest builder of British student accommodation for €1.15bn, the Financial Times reports.
University Partnerships Programme is currently owned by investment bank Barclays Capital.
The deal would give PGGM some 80% of the shares in UPP which Barclays owns, and would be one of the biggest property transactions of the year.
UPP runs some 22,000 student rooms in Britain with annual income of €90m.
Neither group was available for comment, the FT said.
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