Unite sells two properties for £96m

Student accommodation owner Unite said it had sold two properties in Coventry for £96m to Mapletree Investments.

The sale was in line with book value, Unite said in a statement on Monday, and took its share of disposals in the year to date to £250.

“We intend to dispose of approximately £150m - £200m of assets per annum over the next three years," said chief executive Richard Smith.