Current Share Price : 202.30p (+0.00)

History

Established in 1991 in Bristol, UNITE Group’s founder saw an opportunity in regenerating old office blocks that stood on prime city locations into student accommodation. During this period, student numbers were beginning to increase, yet the student accommodation market remained relatively untouched.

By 1995, the UNITE Group had 500 beds in Bristol. The Company was already spearheading regeneration and capitalising on rising property values by acquiring up-and-coming city centre locations. Five years later, UNITE Group was fully listed on the stock exchange (UTG). Today we’re home to some 38,300 students across 24 university towns and cities.

1991	Group founded
1998	Peabody UNITE plc established in joint venture with Peabody Trust
2000	Floated on London Stock Exchange
2001	Acquisition of UniLodge
2002	Full control of London joint venture (Peabody UNITE)
2003	Asset securitisation initiated for £275 million
2004	First joint venture for 1,168 bed student village in Sheffield secured with Lehman Brothers
2005	£350 million joint venture with GIC Capital initiated Second joint venture with Lehman Brothers for a 968-bed student village in Leeds
2006	Formation of the UNITE UK Student Accommodation Fund (‘USAF’), Europe’s largest unlisted specialist student accommodation investment vehicle
2007	Portfolio acquisition from Base Ltd for £76.4 million Second oversubscribed closing of the UNITE UK Student Accommodation Fund Launch of our market leading online accommodation management and booking platform
2008	Planned asset sales of £154 million Third capital raise for UNITE UK Student Accommodation Fund
2009	Launch of new joint venture: UNITE Connaught Services, responsible for providing all reactive and planned maintenance services across UNITE’s portfolio Formation of a £194 million joint venture with Oasis Capital Bank to deliver 1,119 bed spaces across three properties in London £82 million equity raise through share placing successfully closed Over subscribed capital raise for the UNITE UK Student Accommodation Fund of £167 million