Unite Students has exchanged contracts on a £75m development site in Oxford.
The student accommodation manager and developer also agreed terms with Oxford Brookes University for a 25-year nominations agreement, which will extend its partnership with Unite to 1,350 beds.
Planning consent for the site has been granted and it is expected to provide 885 new beds by the 2019/20 academic year.
Richard Smith, chief executive of Unite Students, said: “This acquisition represents another exciting step in Unite’s strategy of building long term partnerships with high-quality universities.
“It also shows our ability to continue adding to our market-leading portfolio of buildings in locations where there is a shortage of affordable high-quality student accommodation and we can exploit our service platform to drive operating efficiencies.”
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