logo
Plus   Neg
Share
Email

Unite Group Backs Rental Growth Targets For 2019/20 And 2020/21

Unite Group plc. (UTG.L), a provider of student accommodation, said Wednesday it expects student intake in 2019/20 to be in line with the record levels seen over the past few years. It also remains confident in delivering rental growth of 3.0-3.5 percent for 2019/20 and 2020/21, including improved utilization.

The Group also expects to see growth in the University cities where Unite operates. Unite Students has achieved a strong lettings performance across its portfolio with 98 percent of bed spaces let.

In addition, Unite Group said the Competition and Markets Authority, or the CMA, has confirmed the start of its Phase 1 merger inquiry in relation to its proposed 1.4 billion pounds acquisition of Liberty Living.

The Group also remains confident of delivering the prior outlined cost synergies of 4 million pounds in 2020 and 15 million pounds p.a. from 2021.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
European Union has ordered Broadcom (AVG) to stop applying certain exclusivity agreements with six of its main customers. According to European Union, this will prevent serious and irreparable harm to competition likely to be caused by Broadcom's conduct. In June, the European Commission opened... Amazon.com Inc. (AMZN) announced that it will live stream behind the scenes of its Robotics Fulfillment Center to for students pursuing STEM and Computer Science education. Amazon said on Thursday, October 17 at 7:00 p.m. ET / 4:00 p.m. PT, teachers and students can go online to Twitch to watch and... Walmart has rolled back prices on more than 200 additional toys in stores and online as it braces for the upcoming holiday season. The retail giant is now offering more than 400 toys at a special price, thanks to its already existing rollbacks on toys. In August, Walmart unveiled its list of top-rated toys for 2019 that were selected by kids.
Follow RTT
>