February 22, 2017 / 7:13 AM / 7 months ago

BRIEF-Unite Group buys Manchester site for 41 mln stg

Feb 22 (Reuters) - Unite Group

* Unite Students acquires new site in Manchester

* The site, in Manchester city centre, is located near to the University of Manchester and is anticipated to provide a home for around 450 students

* Acquisition is forecast to cost around £41 million and deliver returns in line with our targeted level of 8.0-8.5% development yield Source text for Eikon: Further company coverage: (London Newsroom)

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