Quarterly Valuation Update – The UNITE Group plc
The Unite Group plc, the UK’s leading manager and developer of student accommodation, announces the quarterly property valuation of the Unite UK Student Accommodation Fund (‘USAF’) and the London Student Accommodation Joint Venture (‘LSAV’) as at 31 December 2018.
At 31 December 2018, USAF’s property portfolio was independently valued at £2,254 million, representing a like-for-like increase of 1.1% during the quarter and 5.0% over the full year. The portfolio comprises 23,483 beds in 63 properties across 21 University towns and cities in the UK.
LSAV’s investment portfolio was independently valued at £1,243 million, up 2.7% in the quarter on a like-for-like basis and 8.4% over the full year. LSAV’s investment portfolio comprises 8,354 beds across 12 properties in London and Aston Student Village in Birmingham …