Quarterly Valuation Update: The Unite Group plc
Unite Students, the UK’s leading owner, 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 2019.
At 31 December 2019, USAF’s property portfolio was independently valued at £2,850 million, representing a like-for-like increase of 0.8% during the quarter and 3.1% for the year. The portfolio comprises 30,209 beds in 79 properties across 22 University towns and cities in the UK.
LSAV’s investment portfolio was independently valued at £1,335 million, up 2.7% in the quarter on a like-for-like basis and 7.4% for the year. LSAV’s investment portfolio comprises 8,354 beds across 12 properties in London and Aston Student Village in Birmingham …