Edition:
India

Unite Group PLC (UTG.L)

UTG.L on London Stock Exchange

794.00GBp
19 Jan 2018
Change (% chg)

3.00 (+0.38%)
Prev Close
791.00
Open
792.50
Day's High
796.00
Day's Low
787.50
Volume
309,972
Avg. Vol
571,870
52-wk High
833.00
52-wk Low
570.50

Latest Key Developments (Source: Significant Developments)

Unite Group Extends University Partnerships With Oxford Acquisition​
Friday, 8 Dec 2017 

Dec 8 (Reuters) - UNITE GROUP PLC ::‍UNITE EXTENDS UNIVERSITY PARTNERSHIPS WITH OXFORD ACQUISITION​.AGREED COMMERCIAL TERMS WITH OXFORD BROOKES UNIVERSITY FOR 25-YEAR NOMINATIONS AGREEMENT COVERING SITE, WHICH WILL EXTEND ITS PARTNERSHIP WITH UNITE TO 1,350 BEDS​.‍NEW DEVELOPMENT IS EXPECTED TO PROVIDE 885 NEW BEDS AND WILL BE DELIVERED FOR 2019/20 ACADEMIC YEAR ​.TOTAL DEVELOPMENT COSTS EXPECTED TO BE AROUND £75 MILLION.  Full Article

Unite Group secures 500 mln debt facility
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - Unite Group Plc ::‍SECURED INVESTMENT GRADE CREDIT RATING AND ARRANGED A NEW FIVE YEAR UNSECURED DEBT FACILITY​.UNITE GROUP - ‍NEW £500 MILLION UNSECURED DEBT FACILITY PROVIDES ADDITIONAL FINANCING HEADROOM FOR DEVELOPMENT PIPELINE AND GREATER FINANCIAL FLEXIBILITY​.‍NEW FACILITIES WILL INCREASE DEBT MATURITY BY 12 MONTHS, AND WITH AN INITIAL MARGIN OF 145BP​.‍SYNDICATE FOR NEW FACILITIES CONSISTS OF HSBC BANK PLC AND ROYAL BANK OF SCOTLAND PLC​.  Full Article

Unite Group says USAF acquires 437-bed property in Sheffield for 35.5 mln stg
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Unite Group Plc ::UNITE GROUP PLC - ‍UNITE STUDENTS ACCOMMODATION FUND (USAF) ACQUIRES 437-BED PROPERTY IN SHEFFIELD FOR £35.5 MILLION​.  Full Article

Unite Group acquires two properties under development
Thursday, 25 May 2017 

May 25 (Reuters) - Unite Group Plc ::Acquisitions and disposal.Announces acquisition of two properties under development and disposal of a studio scheme.Combined cost of developments is £56 million, unite share £12.9 million.Acquisitions are expected to generate a yield on cost of 6.3% in their first full year of operation.  Full Article

Unite Group posts FY adjusted EPRA earnings up 24 pct to £61.3 mln
Wednesday, 22 Feb 2017 

Unite Group PLC : FY adjusted EPRA earnings up 24 pct to £61.3 million or 27.7p (2015: £49.5 million, 23.1p) . FY profit before tax £201.4 million (2015: £388.4 million) . FY final dividend declared up 26% to 12.0p (2015: 9.5p). . Full year dividend of 18.0p (2015: 15.0p) . Like-For-Like rental growth of 3.8% for full year (2015: 3.8%) . Reservations for 17/18 academic year at 75%, a record level for this time of year (2015: 67%) .Brexit not expected to significantly impact student numbers and supports strategy to focus on relationships with high to mid- ranked universities.  Full Article

Unite Group announces disposal of two assets to USAF
Thursday, 29 Sep 2016 

Unite Group Plc : Disposal of two assets to usaf . Announces disposal of greetham street, portsmouth and gosford gate, coventry to usaf for a combined value of £88.4 million . Both properties, comprising 1,122 beds, were completed in 2016 and are fully let for 2016/17 academic year . Disposals increase sales in year to over £110 million on a see-through basis . Unite retains a stake of 23% in usaf . Both properties generating an income yield on cost of 9.3% .Acquisition has been funded in usaf with a new £100 million 5-year facility provided by wells fargo.  Full Article

Unite Group say Richard Smith to commence his role as CEO from June 1
Wednesday, 25 May 2016 

Unite Group Plc :Due to handover period progressing ahead of schedule, Richard Smith will commence his role as chief executive officer from 1 June 2016..  Full Article