Unite property values rises to £2bn
Unite Group, a Bristol-headquartered student accommodation provider, has reported that the total value of its portfolio has risen to £2bn as of the end of June 2015.
It follows the £271m acquisition of the 2,100-bed Ahli United Bank portfolio, completed on 30 June.
Excluding the acquisition, valuation of the Unite UK Student Accommodation Fund (USAF) and the London Student Accommodation Joint Venture (LSAV) has risen by 8.5 per cent in the six months to June 2015 and 4 per cent on a like-for-like basis during the quarter …