Unite Group in £50m share placing
Student accommodation provider Unite Group is placing £50m of new shares to raise funds for its developments.
The business, which provides 3,372 beds in 10 halls of residence across Liverpool run by 50 staff, announced today it is placing 16m shares at 25p each, almost 10% of its issued ordinary share capital.
It said the proceeds will be used to fund “a highly targeted regional development programme of approximately 2,500 beds which is expected to offer compelling investment returns” …