Jefferies keeps 'underweight' rating on property sector
25th Jan 2016 10:18
(ShareCast News) - Jefferies has retained its 'underweight' rating of the UK property sector and held fast on most of its ratings, but has upgraded Unite Group to 'hold'. In a note issued on Monday, the investment firm said the London market stuttered in the last quarter of 2015, with shares in the
Read morePatrick Dempsey joins Unite Group board
14th Jan 2016 10:28
(ShareCast News) - Student accommodation provider The Unite Group has announced that Patrick Dempsey OBE will join the board as a Non-Executive Director. Dempsey was previously managing director of Whitbread Hotels & Restaurants until February 2015, as well as sitting on the board. He has worked fo
Read moreHigher occupancies lift Unite Group valuations
11th Jan 2016 08:21
(ShareCast News) - Student accommodation manager Unite Group said high occupancies and rental growth boosted valuations of its two portfolios in the final quarter of 2015. The Unite UK Student Accommodation Fund (USAF) was up 2.3% in the period £2.07bn and 13.9% over the full year. The portfolio com
Read moreUnite Group buys two Bristol sites
23rd Sep 2015 07:34
(ShareCast News) - Student accommodation developer Unite Group said it has bought two sites in central Bristol to provide homes for around 900 students by 2019. Total development costs, including the land, is expected to be £85m, the company added. "The sites are well located to house students from
Read moreUnite first-half profit and NAV jump on high occupancy
5th Aug 2015 08:41
(ShareCast News) - Unite Group, which develops and manages student accommodation, posted a jump in first-half pre-tax profit, driven by high occupancy, rental growth, operational efficiencies and further growth to its portfolio. Pre-tax profit for the six months ended 30 June came in at £227.3m from
Read moreUnite Group's portfolio value rises in second quarter
8th Jul 2015 16:29
Student accommodation provider the Unite Group said valuations for both its portfolios lifted in the second quarter. The Unite UK Student Accommodation Fund made up of 75 properties was valued at almost £2bn. The valuation included the £271m acquisition of the Ahli United Bank portfolio, but exclud
Read moreLondon pre-open: FTSE to continue lower amid growing Greece concerns
15th Jun 2015 07:40
London-listed stocks are expected to extend Friday's losses as concerns about the future of Greece's economy weigh heavily on sentiment. City sources predict the FTSE 100 will open around 30 points lower than Friday's close of 6,784.92. "It should be a very interesting week in the financial markets
Read moreUSAF to buy 2,100 bed student accommodation portfolio for £271m
15th Jun 2015 07:03
Unite UK Student Accommodation Fund (USAF), in which Unite Group has a 22% stake, has reached an agreement to buy a 2,100 bed student accommodation portfolio for £271m. Unite Group said the acquisition will be funded in cash from the proceeds of USAF's recent equity raise, announced on 19 May, and w
Read moreWednesday broker round-up
22nd Apr 2015 12:33
BHP Billiton: UBS reiterates buy and 1,625p target price. Rio Tinto: Deutsche Bank stays at buy and 4,200p target. Sky: Goldman Sachs maintains neutral and 1,200p target. Associated British Foods: Nomura lifts target to 2,850p from 2,760p and reiterates neutral. ARM Holdings: Exane BNP reiterates
Read moreLondon pre-open: Stocks to track US and Asian markets lower
26th Mar 2015 07:54
UK stocks are expected to open in negative territory on Thursday morning, tracking declines in the US and Asia overnight. City sources predict the FTSE 100 will open 45 points lower than Wednesday's close of 6,990.97. US markets suffered sharp declines on Wednesday as economic data continued to dis
Read moreUnite Group receives planning permission for Coventry University student building
26th Mar 2015 07:13
Unite Group has received planning approval to build a student housing complex on a 2.1 acre site in central Coventry. The new building will cater for 286 students and its completion is expected in time for the 2016/17 academic year. Development costs for the property will reach £17m, according to a
Read moreTuesday broker round-up
10th Mar 2015 11:53
Pearson: Barclays reiterates equal-weight recommendation and keeps target at 1,405p. UBM: Westhouse Securities takes target to 599p from 552p but reiterates add. ARM Holdings: Citi keeps at buy with a 1,35p target price. Kaz Minerals: Jefferies shaves target to 250p from 275p and reiterates hold.
Read moreUnite enjoys "highest ever" student intake in 2014
23rd Feb 2015 08:22
The student accommodation developer Unite increased its revenues and profits during the full-year thanks to a high student intake for the academic year of 2014/15. Despite struggling with growing demand for new accommodation, Unite enjoyed a 3.3% rise in like-for-like rental growth. Revenue increas
Read moreUnite Group acquires site in Coventry
12th Jan 2015 07:11
Developer and manager of student accommodation Unite Students, part of Unite Group, has acquired a development site in the centre of Coventry, which is expected to house up to 280 students. The total investment for the facility, due to open in time for the 2017-18 academic year and located next to a
Read moreUnite Group property valuations rise in third quarter
9th Jan 2015 08:02
Student accommodation developer and manager Unite Group said the value of its two property portfolios rose by 1.2% and 1.4% in the third quarter. The larger regional portfolio, the Unite UK Student Accommodation Fund (USAF), which comprises almost 25,000 beds in 68 properties across 22 university to
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