Unite'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
Read moreJefferies 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
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