Unite Group plc (GB:UTG) has released an update.
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Unite Students, a premier UK student accommodation provider, is poised to achieve a 98-99% occupancy rate and at least 7% rental growth for the upcoming academic year, bolstered by strong demand and recent planning approvals for new developments in Glasgow and Newcastle. The company’s property values have seen a steady increase in Q2, with the Unite UK Student Accommodation Fund and the London Student Accommodation Joint Venture portfolios appreciating by 3.2% and 2.8% respectively, driven primarily by rental growth.
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