Unite Group to acquire Liberty Living | CustomNews.pk

Unite Group to acquire Liberty Living

LONDON: Liberty Living Group announced that its sole shareholder, Liberty Living Holdings Inc, has entered into an agreement to sell the entire share capital of the company to the Unite Group plc, a public company listed on the London Stock Exchange (and the largest UK student accommodation owner-operator.

Unite is to acquire Liberty Living excluding: (i) all of Liberty Living's properties in Cardiff, which are to be acquired by Unite UK Student Accommodation Fund (USAF); and (ii) Liberty Living's international properties in Germany and Spain which are in the process of being marketed for sale by Liberty Living.

Subject to the satisfaction or waiver of certain of the conditions, completion of the Transaction is expected to occur by the end of the third quarter of 2019.

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