Unite to dispose of 13 student properties
17th Feb 2017 07:36
(ShareCast News) - Manager and developer of student accommodation, Unite Students, has exchanged contracts for the disposal of 13 properties, comprising 4,175 beds to a Brookfield-managed fund for £295m, its share of which is £102m. The disposal, due to complete in the second quarter, is part of Uni
Read moreUnite Students buys Aston Student Village for £227m
10th Feb 2017 07:37
(ShareCast News) - Manager and developer of student accommodation, Unite Students, has acquired Aston Student Village for £227m in a 50:50 joint venture with Singapore's sovereign wealth fund GIC. ASV, which represents Unite's first major on-campus acquisition, comprises 3,067 beds across five large
Read moreUnite Group secures planning consent on two new developments
26th Jan 2017 09:19
(ShareCast News) - Developer and manager of student accommodation, Unite Group, announced on Thursday it has secured planning consent for two city centre developments in Birmingham and Sheffield totalling 1,186 student bedrooms. The FTSE 250 company said the consents take the total development pipel
Read moreUnite Group valuations ahead in December quarter
10th Jan 2017 07:58
(ShareCast News) - Developer and manager of student accommodation, Unite Students, released the quarterly property valuation of the Unite UK Student Accommodation Fund (USAF) and the London Student Accommodation Joint Venture (LSAV) as at 31 December 2016, on Tuesday. The FTSE 250 firm said at perio
Read moreFTSE 250 movers: JLT and Tullett jag lower, Evraz rides steel spike
8th Nov 2016 12:11
(ShareCast News) - The FTSE 250 was led moderately lower on Tuesday as most markets moved skittishly sideways ahead of a US election that is seen as having potentially widespread implications for the global economy. The expected boost to volatility from global markets was behind a rise of interde
Read moreMorgan Stanley downgrades Unite, says student numbers set to drop
28th Oct 2016 10:07
(ShareCast News) - Morgan Stanley downgraded its stance on Unite Group to 'underweight' from 'overweight' and cut the price target to 590p from 700p. It said that while fundamentals are holding up for now, several headwinds could affect student numbers medium to long term. The bank reckons internat
Read moreUnite 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
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