Student housing giant Unite faces £400m loss amid property value slump Property Unite Students has plunged to a more-than £400m loss after being hit by a £500m revaluation of its properties and “extremely challenging” building costs. The UK’s largest student landlord slumped to a £417m pre-tax loss in the six months to June, reversing a £186m profit the year before, as its earnings slipped by two per [...]
Occupancy down at Unite Students, but demand surges at ‘elite’ universities Property Unite Students saw a slide in occupancy across its portfolio, offset by resilient demand at top elite universities. The student accommodation developer reported a 9 per cent increase in adjusted earnings to £232.3m for 2025. However, its statutory profit fell by 78 per cent due to a decline in the valuation of the property portfolio. [...]
Unite boosted by growing student numbers but warns on Renters’ Rights Bill Property Student of accommodation provider Unite has posted an uptick in the value of its two property portfolios, buoyed by high occupancy and growing rents, but warned the upcoming Renters’ Rights Bill will increase costs for students. Unite said the value of its UK-wide portfolio grew by 0.6 per cent to £2.9bn, while its London portfolio [...]
Unite Students: Record demand for beds amid university housing shortages October 8, 2024 Unite Students has reported strong growth and nearly-full student accommodation blocks amid record demand from students and still-constrained supply. Unite told markets this morning that like-for-like rental growth was 8.2 per cent and occupancy was 97.5 per cent for the 2024/25 academic year. The firm retained its guidance and said it expected rental growth to [...]
Unite Students faces legal action over rats, mould and rubbish in flats September 9, 2024 Hundreds of students across the country have demanded rent refunds from the UK’s biggest accommodation provider, citing problems ranging from rat infestations to dirty flats. Flat Justice, a not-for-profit tenants’ rights group, is currently leading multiple cases against Unite Students for blocks in London, Oxford, Coventry, Liverpool and Birmingham. A spokesperson for Flat Justice said [...]
Shortage of high-quality student homes drives growth at Unite July 8, 2024 Strong rental growth at the properties owned by London-listed Unite Students helped drive up the value of the student accommodation provider's portfolio, it said in a half-year update.
Unite Students: Uni accommodation group offloads six properties worth £184m May 13, 2024 The company, which provides housing for 70,000 students across 23 UK cities, made the announcement to markets this morning, as it looks to align to the "strongest universities" instead.
Is there enough student housing for the next cohort of school leavers in September? April 27, 2024 “It’s a good time to enter the market,” Jay Ahluwalia, principal director of Dominus, said. Dominus, which previously focused on hotels and real estate, currently has two student builds in development in London.