Quarterly Valuation Update – The Unite Group plc
Unite Students, the UK’s leading owner, manager and developer of student accommodation, announces the quarterly property valuation of the Unite UK Student Accommodation Fund (‘USAF’) and the London Student Accommodation Joint Venture (‘LSAV’) as at 31 March 2020.
At 31 March 2020, USAF’s property portfolio was independently valued at £2,788 million, representing a like-for-like decrease of 2.2% during the quarter. The portfolio comprises 30,209 beds in 79 properties across 22 University towns and cities in the UK.
LSAV’s investment portfolio was independently valued at £1,315 million, down 1.5% in the quarter on a like-for-like basis. LSAV’s investment portfolio comprises 8,354 beds across 12 properties in London and Aston Student Village in Birmingham …