FTSE 100 Live: Sainsbury’s and Unite dish shareholders cash; Mining merger talks Markets Good morning and welcome back to the City AM liveblog. It was Britain’s retail sector taking centre stage yesterday amid a fresh influx of corporate updates that gave a snapshot of the industry’s December performance. Tesco came out swinging, revealing its market share had climbed to the highest in 10 years after a Christmas sales [...]
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
Shortage of high-quality student homes drives growth at Unite property Strong rental growth at the properties owned by London-listed Unite Students helped drive up the value of the student accommodation provider's portfolio, it said in a half-year update.
Unite Students: Uni accommodation group offloads six properties worth £184m May 13, 2024 The company, which provides housing for 70,000 students across 23 UK cities, made the announcement to markets this morning, as it looks to align to the "strongest universities" instead.
Unite Group takes valuation hit from Spring Budget measures April 9, 2024 Unite Group took a hit to its valuations at the start of the year due to measures announced in the Spring Budget.
Unite Group reports jump in profit as student accommodation shortage drives rents higher February 27, 2024 Student landlord Unite Group has reported a jump in earnings for 2023 on the back of strong occupancy levels and higher rents.
Unite Group reports record demand for beds as student housing crisis grows January 9, 2024 Unite also said it's confident in pushing through rental growth of five per cent across its portfolio in the year.
Student accommodation group Unite sell 99 per cent of beds and makes £71m Stratford acquisition October 10, 2022 Student accommodation group Unite has sold 99 per cent of beds for the academic year, as it makes a major acquisition in Stratford for £71m. The company reported an increase in the number of beds bought up from 94 per cent in 2021/22 to almost 100 per cent this year, as university returns to being [...]
Civil war: FCA staff pushing for union involvement after pay cut row with CEO Nikhil Rathi October 12, 2021 The Financial Conduct Authority may soon be a unionised workplace, if trade union activists get their way. A formal petition has been launched by Unite the union to gauge interest after what the union said was a significant increase in staff at the regulator joining the union. Staff are said to be unhappy with chief [...]
Unite Group sells two more student properties in London for £342m June 18, 2021 Student accommodation developer Unite Group has sold two London properties for £342m, it announced this morning. Unite has sold the blocks with 1,358 beds in Wembley and Whitechapel to its London student accommodation joint venture (LSAV) with Singapore wealth fund GIC, in an effort to pay down debt. The company said that most of the [...]