Edition:
India

Unite Group Sees 3%-3.5% Rental Growth In 2019-20, 2020-21


Wednesday, 11 Sep 2019 

Sept 11 (Reuters) - Unite Group PLC ::TRADING UPDATE AND CMA UPDATE.STUDENT INTAKE IN 2019/20 IS EXPECTED TO BE IN LINE WITH LEVELS SEEN OVER PAST FEW YEARS.REMAIN CONFIDENT IN DELIVERING RENTAL GROWTH OF 3.0-3.5% FOR 2019/20 AND 2020/21, INCLUDING IMPROVED UTILISATION.CMA HAS TODAY CONFIRMED START OF ITS PHASE 1 MERGER INQUIRY IN RELATION TO UNITE'S PROPOSED £1.4 BILLION ACQUISITION OF LIBERTY LIVING.CONFIDENT OF DELIVERING PREVIOUSLY OUTLINED COST SYNERGIES OF £4 MILLION IN 2020 AND £15 MILLION P.A. FROM 2021 FROM LIBERTY LIVING DEAL.CONTINUED TO SEE STRONGEST GROWTH IN ACCEPTANCES AT HIGHER TARIFF UNIVERSITIES, WHICH HAVE RISEN BY 1.8% VERSUS LAST YEAR.