Student accommodation firm Unite Group in advanced talks to buy Liberty Living

(Reuters) - Britain's Unite Group <UTG.L> said on Thursday it was in advanced talks to buy fellow student accommodation firm Liberty Living from Canada Pension Plan Investment Board.

"If the transaction goes ahead it will be priced on a NAV-for-NAV basis," the company said, adding that as on Feb. 28, Liberty Living's net asset value was 1.4 billion pounds.

(Reporting by Justin George Varghese in Bengaluru; Editing by Saumyadeb Chakrabarty)