About the UNITE Group
- UNITE Group is the UK’s largest manager of branded student accommodation;
- UNITE Group currently provides accommodation for some 37,000 students throughout 23 towns and cities across the United Kingdom;
- UNITE Group has a portfolio worth some £2.9 billion;
- UNITE Group is fully listed on the London Stock Exchange;
- UNITE Group successfully completed, commissioned and opened 3,260 bed spaces for the 2007/08 academic year.
UNITE Group focuses on the provision and management of high quality, well-located student accommodation at affordable prices in strong higher education markets. UNITE Group undertakes the planning work, development and management of sites, often working closely with universities and colleges to deliver accommodation for students across all ages and nationalities. UNITE Group developments typically show high occupancy levels as demand continues to rise for places on UK higher education courses and for high-quality, safe accommodation. Indeed, the average occupancy level in our properties across the UK is 96%, with our London properties achieving 100% year-on-year due to the strength of the market in the capital.
UNITE Group has pioneered student accommodation as an asset class within the real estate sector. Since the listing of UNITE Group on the London Stock Exchange in 1999, the company has grown significantly and now operates some 37,000 completed and managed bed spaces in the portfolio. | UNITE UK Student Accommodation Fund
UNITE Group established a £1 billion UNITE UK Student Accommodation Fund at the end of 2006. The principal objectives of the Fund are:
- to release capital that is tied up in mature, stabilised investment assets for investment into higher added value development activity;
- to provide the UNITE Group with more growth capital in the medium term; and
- to diversify the UNITE Group’s sources of income by providing a new, valuable revenue stream arising from management fees from the Fund.
The Fund helped transform UNITE Group’s business model to that of a developer of new purpose-built student accommodation and manager of funds which own student accommodation properties operated by UNITE Group and in which the Group has a significant minority stake. |