Unite Group portfolio valuations up in September quarter

8th Oct 2018 09:06

(Sharecast News) - Unite Group said the like-for-like valuation of its UK student accommodation fund (USAF) grew by 1.1% in the September quarter to £2.23bn.Unite's student accommodation joint venture (LSAV) grew by 1.6% during the quarter to £1.21bn."The increase in valuations is driven by rental growth recognised in the quarter. The overall USAF portfolio is valued at a blended yield of 5.3% and LSAV's portfolio at 4.6%," the company said."As we enter the final stages of the lettings cycle for the 2018/19 academic year, Unite Students has achieved a strong lettings performance across its whole portfolio with 98% of bed spaces let."