Unite student housing suffers slump in property value as rents fall Property Student accommodation giant Unite has suffered another drop in property values as higher interest rates and weaker rental income continue to weigh on the FTSE 250 landlord. The company said on Thursday that the value of its UK Student Accommodation Fund fell four per cent in the third quarter to £2.8bn, while its London-focused joint [...]
Student digs giants Unite and Empiric to merge Property Student accommodation provider Unite Group has agreed to an over £700m deal to acquire competitor Empiric Student Property
Empiric Student Property in £9m apartment deal amid postgrad expansion Property Empiric Student Property has acquired a £9m block of flats alongside an expansion of its postgraduate offering. The company, which runs student accommodation at top UK universities, said it had completed the buyout of Selly Oak Apartments in Birmingham, a stone’s throw from the University of Birmingham. Empiric said it the acquisition, which is its [...]
Empiric Student Property rental growth strong as re-booking set to reach record high August 15, 2024 Empiric Student Property’s like-for-like rental growth hit 10.5 per cent in the first half of its 2024 financial year as the demand for student property exceeded demand. The firm, which owns and operates student accommodation at top UK universities, reported revenue growth of 2.7 per cent over the six months to 30the June. Adjusted earnings [...]
Empiric Student Property ‘poised for growth’ as rent income rises May 22, 2024 Empiric Student Property said it is "poised for growth" over the 2024 academic year as income from rents continues to rise.
Empiric Student Property earnings skyrocket thanks to student housing shortage March 14, 2024 Empiric Student Property reported strong earnings growth in 2023 as the number of full-time students in the UK reached over 2.2 million.