Occupancy remains strong at Unite

Student landlord Unite Group yesterday said occupancy across its portfolio stood at 98 per cent in the current academic year and that it remained on track to post three per cent rental growth for the full year. Investment in the student housing sector has soared this year to £1.65bn since the start of the year but Unite said it expects investor appetite to continue to outstrip supply of available stock to buy. In a third quarter trading statement, chief executive Mark Allen warned there had been “some disruption” in parts of London from new competing student schemes coming onto the market. However, he expects this to stabilise in the next two years as demand grows.