Unite Group portfolio 99% let for new academic year
Student accommodation manager and developer Unite Group updated the market on its current trading on Tuesday, confirming it was currently 99% let across its 49,000 bed portfolio for the 2017/18 academic year.
The FTSE 250 company said beds under nomination agreements with universities had increased to 29,063, beds representing 60% of Unite’s portfolio compared to 58% in the last academic year, with 40% directly let to students.
It said that sales performance would deliver annual rental growth at the mid-to-upper end of the board’s 3.0-3.5% expectations …