Unite Group buys Sheffield site to build student housing
24th Oct 2016 07:35
(ShareCast News) - Student accommodation developer and manager Unite Group announced on Monday it had bought a development site in Sheffield. The site, which is close to the University of Sheffield in the city centre, will house around 570 students, with total development costs, including land, to b
Read moreUnite Group obtains planning consent for new development in Liverpool
17th Oct 2016 07:22
(ShareCast News) - Unite secured planning consent for a development site in the centre of Liverpool in under six months since acquisition, cementing its presence in the market for student accomodation in that city. The development will house 1,085 student bedrooms, boosting the student accomodation
Read moreUnite Group enjoys valuation uplift in third quarter
10th Oct 2016 07:27
(ShareCast News) - Student halls property developer Unite Group said its two main funds had increased their value in the third quarter, driven by rental growth as valuation yields remained stable. The Unite UK Student Accommodation Fund (USAF) was independently valued at £2.26bn, an increase of 1% d
Read moreUnite Group sells two student accommodation sites for £88.4m
29th Sep 2016 07:43
(ShareCast News) - FTSE 250 student accommodation manager Unite Group sold two of its assets to its investment partner Unite UK Student Accommodation Fund (USAF) for a combined £88.4m. Unite Group retains a 23% stake in USAF, which funded the acquisitions with a £100m five year loan from US bank Wel
Read moreEPRA earnings and net asset value ahead in first half at Unite Group
26th Jul 2016 08:49
(ShareCast News) - Developer and manager of student accommodation, The Unite Group, announced its half year results for the six months to 30 June on Tuesday morning. The FTSE 250 firm described the half as having a "robust financial performance", with increased earnings, net asset value and dividend
Read morePortfolio values lift at Unite, though Brexit uncertainty looms
8th Jul 2016 07:55
(ShareCast News) - Student accommodation developer and manager Unite Students posted the quarterly valuation of the Unite UK Student Accommodation Fund (USAF) and the London Student Accommodation Joint Venture (LSAV) as at 30 June. The FTSE 250 firm said USAF's property portfolio was independently v
Read moreUnite Group brings forward new CEO's start date
25th May 2016 15:52
(ShareCast News) - Student accommodation developer and manager Unite Group said the start date for new chief executive officer Richard Smith has been brought forward by a month to 1 June. In April, Unite announced that it was promoting Smith from managing director of operations, replacing Mark Allan
Read moreUnite reveals new £40m Birmingham project
19th May 2016 08:52
(ShareCast News) - Developer and manager of student accommodation Unite Group announced on Thursday that it has exchanged contracts to acquire a new development site in central Birmingham, on a subject-to-planning basis. The FTSE 250 firm said the site will eventually provide a home for around 600 s
Read moreNew Portsmouth site for Unite Group
16th May 2016 07:53
(ShareCast News) - Developer and manager of student accommodation, the Unite Group, announced on Monday that is has exchanged contracts with Portsmouth City Council to acquire a new development site in the city. The FTSE 250 company said the subject-to-planning acquisition - Chaucer House on Isambar
Read moreUnite's accommodation fund launches £125m bond issue
13th May 2016 08:02
(ShareCast News) - Student accommodation developer and manager The Unite Group announced on Friday the launch and pricing of £125m in bonds issued by the Unite UK Student Accommodation Fund (USAF), under its existing debt funding platform established in June 2013. The FTSE 250 firm said the USAF is
Read moreUnite buys student accommodation site in Liverpool
27th Apr 2016 08:50
(ShareCast News) - Unite Group has acquired a development site in the centre of Liverpool with planning consent for 713 student bedrooms. The company said the density of the site has the potential to be significantly improved to provide a home for over 1,000 students. The scheme is expected to achi
Read morePeel Hunt sees opportunities and risks in UK commercial property
12th Apr 2016 13:25
(ShareCast News) - In 2016, and for the first time in four years, UK commercial property shares had not outperformed the All-Share. That had thrown-up appetising opportunities in the sector for the first time in several years as shares de-rated, with the sector changing hands on an average discount
Read moreUnite Group reports solid portfolio growth
7th Apr 2016 07:47
(ShareCast News) - FTSE 250 developer and manager of student accommodation Unite Group revealed the quarterly valuations of its UK Student Accommodation Fund (USAF) and London Student Accommodation Joint Venture (LSAV) on Wednesday, with growth in both operations. At 31 March, USAF's property portfo
Read moreUnite Group profit up 250%
23rd Feb 2016 07:56
(ShareCast News) - More beds and more students paid off for the Unite Group in 2015, with the company reporting some seriously good growth in the year to 31 December 2015 on Tuesday. The FTSE 250 developer and manager of student accommodation saw EPRA earnings increase 84% during the year to £61.3m,
Read moreUnite Group acquires prime Coventry site
26th Jan 2016 07:35
(ShareCast News) - Unite Group has bought a development site in the centre of Coventry that will provide a home for around 370 students and is scheduled to open in time for the 2017/18 academic year. The student accommodation manager said the total development cost, including the cost of the land, i
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