Blackstone-backed Aventicum Real Estate to acquire a portfolio of eight properties from Unite Students for $183m.

Blackstone-backed Aventicum Real Estate, a global asset management firm, agreed to acquire a portfolio of eight properties from Unite Students, an owner, manager and developer of student accommodation, for $183m. "This disposal forms part of our target to dispose of £200-300m of assets in 2021. The sale is consistent with our strategy of increasing our exposure to high and mid-ranked Universities where demand is strongest, while delivering operational efficiencies that contribute towards our target for an improvement in our EBIT margin to 74% by the end of 2023," Richard Smith, Unite Students Chief Executive.