Student specialist says deal will guaranteed continued development programme

Student housing specialist Unite has completed its £1.4bn acquisition of rival Liberty Living, the firm said.

Architecture PLB's approved Aldgate proposals for Unite Students

Architecture PLB’s approved Aldgate proposals for Unite Students

The firm has previously said that the deal, which received competition authority sign-off at the start of the month, will give it ownership of 73,000 student beds, giving the scale to continue with its 2,000-bed a year development programme.

Richard Smith, chief executive of Unite, said he was “delighted” with completion of the purchase. He said: “The deal […] gives us enhanced scale which, combined with our best-in-class operating platform, means we are well-placed to meet the substantial market opportunity from the 1.5 million students requiring accommodation each year.”