PGGM close to acquiring majority stake in UPP - reports

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NETHERLANDS/UK - PGGM is in advanced negotiations with Barclays Capital to acquire its majority stake in University Partnerships Programme, the UK's largest developer of university campuses, according to reports.

The Dutch pension fund has entered into exclusive talks with UPP to buy the bulk of BarCap's 80% stake in the developer, which has a portfolio of 22,000 rooms and a rent roll of £81.5m, the Financi...

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