Rising student numbers support Unite strategy
Economic recession and rising unemployment has failed to dent the appeal of university education in Britain, student landlord Unite said, as it forecast 3-5 percent rental growth across its portfolio in 2010-11.
Shares in Britain’s largest quoted student accommodation provider rose 2.1 percent to 212 pence after it said its target market was set to grow by 23 percent in the next academic year, driven in part by applications from overseas students.
Bed reservations for the 2010-11 academic year have increased to 71 percent from 59 percent posted at end-February, Unite said, endorsing its plans to add 3,300 units to its 39,500-strong portfolio by 2014 …