Unite Group plc (GB:UTG) has released an update.
Unite Group PLC reports a robust first half with a 14% increase in adjusted earnings, driven by full occupancy and rental growth. The company is capitalizing on a significant shortage of student accommodation by expanding its development pipeline to a record £1.5 billion, focusing on partnerships with top universities, including a £250 million joint venture with Newcastle University. With a strong financial position and favorable market dynamics, Unite Group is positioned to deliver sustained growth for shareholders.
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