Barclays May Sell All or Part of Its Stake in UPP, FT Reports

Barclays Plc (BARC) may sell all or part of its stake in University Partnerships Programme as the U.K. university campus developer seeks to raise new equity from investors to fund new operations under recently signed agreements to provide student accommodation in U.K. cities, the Financial Times reported, without saying where it got the information.

A sale of the business could raise more than 1 billion pounds ($1.7 billion), the FT said. Quintain Estates & Development Plc (QED), Telereal Trillium, Lend Lease Group (LLC), Macquarie Group Ltd. (MQG) and Campus Living may be interested in buying the group, the FT reported.

To contact the reporter on this story: Blanche Gatt in London at bgatt@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net.

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