Unite sells King’s Place development site for £60m
Student accommodation provider Unite Group has sold its 444-bed King’s Place development site to an affiliate of Far East Orchard for £60m.
Unite said on Wednesday that the disposal was part of its strategy to realise value from development land and other non-student assets. The sale was priced at a 3% discount to its June 2026 book value and was expected to complete in mid-October. It was already incorporated into the group’s adjusted earnings guidance of 41.5p to 43p for FY26, which remains unchanged.
The FTSE 250-listed firm has now agreed or completed disposals totalling £200m in 2026 at a weighted average NOI yield of 3%, including a number of non-income producing sites …