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Wed June 23 2021

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Student halls developer plans £125m programme

13 Jun 13 Unite, the specialist developer of student accommodation, is planning to spend £125m on a regional development programme that would provide 2,500 student bedrooms by 2016.

Unite wants to build more student rooms
Unite wants to build more student rooms

It intends to raise £50m from a stock market share issue to part-fund the construction, with borrowings accounting for the balance of the spend.

“Following a detailed review, Unite has identified a number of compelling development opportunities within a highly targeted set of cities,” the board said. “These opportunities have been selected with strict evaluation on both the demand and the supply side.”

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