Unite Group acquires Edinburgh development site
18th Feb 2014 07:03
Student accommodation developer UNITE Group has acquired a 1.8 acre site in central Edinburgh, close to the university. The development costs total around £38m, with the property expected to deliver returns in line with the company's targets for regional development. The scheme is expected to be c
Read moreUnite diversifies funding with new loan facility
11th Feb 2014 08:53
UNITE Group, which develops and manages student accomodation, has secured a new 10-year, fixed rate debt facility with Cornerstone Europe, a real estate investment manager. The £124m loan, which has extended its average debt maturity to seven years, was secured against four of UNITE's wholly-owned
Read moreUnite to acquire site in Aberdeen
5th Feb 2014 07:53
Student accommodation manager Unite Group has agreed to acquire a development site covering around one acre in central Aberdeen close to the university. The scheme, which is still subject to planning consent, is expected to have a total development cost of £20m and is set to deliver development yi
Read moreWednesday broker round-up UPDATE
15th Jan 2014 08:42
African Barrick Gold: Liberum Capital downgrades to sell with a target price of 147p. Deutsche Bank lowers target price from 190p to 180p, while maintaining a hold recommendation. African Minerals: Deutsche Bank shifts target price from 410p to 414p and maintains a buy recommendation. Amlin: JP Mo
Read moreUNITE acquires project in Newcastle city centre
14th Jan 2014 08:26
Student accommodation company UNITE has acquired a project in Newcastle city centre, which it plans to transform into a home for around 600 students. The site, which covers 200,000 square foot, is close to the city's two universities and is expected to open in 2016. The total development cost is
Read moreUnite Group completes debt facilities for joint venture
7th Jan 2014 07:53
UK developer of student accommodation Unite Group has completed 226m pounds of new debt facilities for the Unite Capital Cities (UCC) joint venture. The joint venture between Unite and GIC holds a portfolio of 14 properties valued at £385m in London and Edinburgh. UNITE has a 30% stake in UCC. Th
Read moreUnite expects annual growth on strong demand for accommodation
18th Nov 2013 07:25
- Unite expects annual retail growth of three per cent - Average lettings occupancy of 98 per cent - Disposal of OCB joint venture - Other planned disposals deferred UK student accommodation developer Unite Group said it expects average retail growth for full year to be three per cent. In a trad
Read moreWednesday broker round-up
6th Nov 2013 08:48
Anglo American: Alphavalue moves target price from 1816.9p to 1827.1p upgrading from add to buy. Associated British Foods: Citi raises target price from 1950p to 2350p, while leaving its neutral rating unchanged. Assura Group: Liberum Capital initiates with a target price of 42.9p and a buy recomm
Read moreLondon pre-open: Markets seen higher as Fed decision looms
18th Sep 2013 07:32
Markets are expected to open with small gains on Wednesday as eyes turn to the Federal Reserve ahead of the conclusion of this month's all-important policy meeting. "Despite the expectation of a reduction in the consistent adrenaline boost that has fed the markets to reach historical and all-time h
Read moreUnite secures third LSAV joint venture scheme in London
18th Sep 2013 07:01
Student accommodation developer Unite has signed a deal with Schroders Real Estate Investment Trust (SREIT) for the acquisition of a one-acre development site in Wembley, North West London. The new site was acquired for £7.4m, has an estimated total development cost of £47m and is projected to del
Read moreTuesday broker round-up
3rd Sep 2013 11:13
ASOS: Exane increases target price from 5000p to 6000p and keeps an outperform rating. Associated British Foods: Exane upgrades to outperform with a target price of 2400p. Balfour Beatty: Berenberg ups target price from 270p to 300p and retains its buy recommendation. Barclays: Berenberg takes ta
Read moreFriday tips round-up: Hansteen, Playtech, Unite Group
30th Aug 2013 07:10
The recent purchase of the Ashtenne fund out of administration by property fund Hansteen amounts to a big bet on UK industry and yet the stock market seems to have completely missed the benefits of this deal. Perhaps critically, the team at Hansteen knows Ashtenne property portfolio as they were the
Read moreThursday broker round-up UPDATE
29th Aug 2013 09:48
Afren: Westhouse Securities shifts target price from 160p to 165p and reiterates a buy recommendation. BAE Systems: Bank of America raises target price from 328p to 412p, while staying with its underperform rating. Cape: JP Morgan takes target price from 308p to 323p and stays with its overweight
Read moreStrong customer service boosts half-year numbers at Unite Group
29th Aug 2013 09:24
Student accomodation manager UNITE Group on Thursday pleased investors with a 0.3p increase in first half adjusted earnings per share (EPS), which the company attributed to high levels of customer service. Customer satisfaction was at its highest ever level and saw a stabilisation of student numbe
Read moreWednesday broker round-up
28th Aug 2013 08:09
African Barrick Gold: Nomura takes target price from 155p to 250p and reiterates its buy recommendation. Antofagasta: Deutsche Bank cuts target price from 1050p to 1035p and retains a hold recommendation. JP Morgan reduces target price from 1005p to 975p, while its neutral rating remains unchanged.
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