Asset values up at Unite Group
Student accommodation provider the Unite Group has reported an increase in the net asset value of its UK Student Accommodation Fund.
The NAV is estimated at £0.798 per unit, marking an increase of 2.6% in the second quarter of 2010 (31 March: £0.778 per unit). The move was largely driven by a 3.6% increase in property values.
Joe Lister, Unite’s chief financial officer said that the fund “continues to deliver robust returns to its investors, driven by strong reservations and recurring rental growth …