Sept. 28 (Bloomberg) -- Development Securities Plc bought student residence hall Ladybarn House from Manchester University for about 7 million pounds in the company’s first purchase of a student housing asset.

Link to Statement:{NSN LS7Y253HBS3M <GO>}

To contact the reporter on this story: Ross Larsen in London at rlarsen2@bloomberg.net

To contact the editor responsible for this story: Ross Larsen at rlarsen2@bloomberg.net