Unite Seeks to Raise £82 Million
Student housing developer Unite Group is to raise 82 million pounds of fresh capital via a sale of 32.8 million shares at 250 pence each to exploit a dearth of student homes across London.
The £77.8 million of net proceeds from the Firm Placing, Placing and Open Offer will be used to finance planned acquisitions of new development sites in London, where Unite sees “compelling” opportunities at attractive prices …