Covid-19 Impacts PBSA Valuation
27th Jan 2021
Unite Students has confirmed the sale of its sites in Huddersfield to focus on what it describes as "high and mid-ranked universities."
The assets in Huddersfield consist of just under 1,000 bedrooms and form part of a £180.5m deal with the Asian media giant Singapore Press Holdings.
Commenting on the sale, Chief Executive of Unite Students Richard Smith, said the sale fits with the companyÃ¢ÂÂs strategy to align with those universities with the highest student demand and the best long-term growth prospects.
Due to the disposal, Unite no longer has a presence in Huddersfield but comes at a time when other student schemes are on the horizon. The latest plans to be submitted include the redevelopment of the former Co-op building in New Street into student flats.
Meanwhile, senior Labour councillor Peter McBridge, a firm champion of regeneration in Kirkless, said there is a need for more student accommodation in the town.
Mr McBride, said: "I don't think that the bubble is going to burst. We've now got students coming from Leeds University to attend Huddersfield. That is the first step to what will be a major trend in the next 10 years."
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