Unite Group sells King’s Place site for £60 million
This disposal supports a £200 million year-to-date target. Completion is expected in mid-October as part of capital recycling strategy.
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UK purpose-built student accommodation provider
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In short: Unite Group posted a £400m+ loss on property revaluations, accelerated disposals, and reaffirmed guidance while pivoting to top universities.
This disposal supports a £200 million year-to-date target. Completion is expected in mid-October as part of capital recycling strategy.
Demolition is complete with structural groundworks underway. The first phase opens for the 2029 academic year alongside community amenities.
Adjusted EPS down 8% to 27.1p, portfolio valuation down 6.4% on like-for-like basis, and full-year guidance reiterated.
The £186 million deal increases USAF ownership to 32% and extends share buyback by £65 million.
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