Unite Group portfolio value slips as student accommodation market adjusts
Property valuations at Unite Group have fallen in the third quarter as the UK's largest student accommodation provider adjusts to higher interest rates and evolving student demand.
The company's Unite UK Student Accommodation Fund portfolio dropped 4% on a like-for-like basis to £2.8bn at 30 September, while its London Student Accommodation Joint Venture fell 3.4% to £1.9bn.
The declines reflect yield expansion of 10 to 11 basis points and lower rental values for properties where income performance fell below previous assumpti... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
