Student growth fuels Unite
Student accommodation developer Unite has reported a strong set of interim results and said it was well positioned for further growth as student numbers are expected to rise to record levels for 2015/16.
In the six months to 30 June 2015, the Bristol-based group’s rental income increased from £45m a year ago to £51.6m, helping total revenue jump from £57.9m to £141.8m.
European Public Real Estate Association earnings – a measure of underlying operating performance of an investment property company – rose from £20.4m a year ago to £29.6m …