Newcourt acquires €10m British university site

ELY, the property division of Newcourt Group, has acquired a site in Birmingham for €10 million on which it plans to build student accommodation.

Ely said yesterday that the land is adjacent to Birmingham University, which has 25,000 students.

Ely said it will seek planning permission for a student accommodation block with 700 bedrooms. However, if it does not get planning from the local council it will not make any payment.