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Fundamentals
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Research History
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09 Oct 2024 17 min read
QuotedData’s Real Estate Monthly Roundup – October 2024
October 2024 Winners and losers in September 2024 Best performing funds in price terms (%) Harworth Group 17.0 Life Science REIT 14.7 Hammerson 12.0 Balanced Commercial Property Trust 10.2 Phoenix Spree Deutschland 8.6 PRS REIT 8.5 abrdn Property Income Trust 8.3 Target Healthcare REIT 7.9 Custodian Property Income REIT 7.6 Tritax EuroBox 7.1 Source: Bloomberg, […]
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07 Aug 2024 11 min read
QuotedData’s Real Estate Monthly Roundup – August 2024
August 2024 Winners and losers in July 2024 Best performing funds in price terms % Tritax EuroBox 13.3 Balanced Commercial Property Trust 10.5 TR Property 10.4 AEW UK REIT 9.9 Shaftesbury Capital 9.9 Picton Property 9.4 Schroder REIT 9.1 Tritax Big Box REIT 8.9 Capital & Regional 8.3 Unite Group 7.9 Source: Bloomberg, Marten & […]
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11 Mar 2024 12 min read
QuotedData’s Real Estate Monthly Roundup – March 2024
Real Estate Roundup Kindly sponsored by abrdn Performance data February’s biggest movers in price terms are shown in the charts below. It was another month of disappointing share price performance for the real estate sector, as the timing of the fabled interest rate cuts that could kick start a recovery in the sector remains unclear […]
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22 Jan 2024 10 min read
QuotedData’s Real Estate Annual Review – 2023
Real Estate Annual Review Kindly sponsored by abrdn Things can only get better The real estate sector endured a tough 2023, with much of the year characterised by falling values amid the high interest rate landscape. Values have since stabilised across sub-sectors. Optimism returned in the final couple of months of the year, on promising […]
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11 Aug 2023 10 min read
QuotedData’s Real Estate Monthly Roundup – August 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data July’s biggest movers in price terms are shown in the charts below. Better than expected inflation figures in the UK raised hope that interest rates had peaked, and that commercial property values may have bottomed out. Improving investor sentiment towards the sector was reflected in an […]
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19 Jul 2023 9 min read
QuotedData’s Real Estate Quarterly Review – Second Quarter 2023
Real estate quarterly report Kindly sponsored by abrdn Discounted indiscriminately Stubbornly high inflation in the UK has raised the prospect of higher for longer interest rates, with the base rate hitting 5.0% in the UK dashing any hopes of a recovery in commercial property values for the foreseeable future. This negative outlook was reflected in […]
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16 May 2023 13 min read
QuotedData’s Real Estate Monthly Roundup – May 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data April’s biggest movers in price terms are shown in the charts below. Property stocks returned to positive territory in April after months of losses due to the impact of higher interest rates on valuations. The first signs of values stabilising are starting to feed through with […]
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25 Apr 2023 8 min read
QuotedData’s Real Estate Quarterly Review – First Quarter 2023
Real estate quarterly report Kindly sponsored by abrdn Headwinds mount up The headwinds facing commercial real estate continued to mount up in the first quarter of 2023, reflected in an 8.9% average share price fall across the sector. Already reeling from the impact of higher interest rates on valuations, the collapse of Silicon Valley Bank […]
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09 Mar 2023 15 min read
QuotedData’s Real Estate Monthly Roundup – March 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data February’s biggest movers in price terms are shown in the charts below. It was a mixed month in terms of share price performance for property companies, with a mean average share price fall of 0.3% across the sector. On the positive side, shopping centre behemoth Hammerson […]
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64 min read
QuotedData’s Economic and Political Monthly Roundup March 2023
Economic and Political Monthly Roundup Investment companies | Monthly | March 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
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24 Jan 2023 10 min read
QuotedData’s Real Estate Annual Review – 2022
Real Estate Annual Review Kindly sponsored by abrdn The year the rug was pulled out 2022 will be remembered as the year that the rug was pulled from under the property sector. Having benefitted from decades of low interest rates, which had fuelled debt-ladened deals and piqued the appetite of global investors looking for more […]
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03 Nov 2022 8 min read
QuotedData’s Real Estate Roundup – November 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data October’s biggest movers in price terms are shown in the charts below. Having priced in a major write-down of portfolio valuations in the real estate sector, especially after interest rate expectations rocketed following the disastrous mini-budget at the end of September, the market seems to have […]
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14 Oct 2022 8 min read
QuotedData’s Real Estate Quarterly Review – Third Quarter 2022
Real estate quarterly report Kindly sponsored by abrdn Choppy waters ahead High interest rates is a killer for real estate, and so the chancellor’s disastrous ‘mini budget’ at the end of September – which spooked gilt markets and saw interest rate forecasts for next year top 6% – had a catastrophic impact on the listed […]
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06 Oct 2022 10 min read
QuotedData’s Real Estate Roundup – October 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data September’s biggest movers in price terms are shown in the charts below. The real estate sector is facing the perfect storm. Fears that interest rate rises will be higher and faster as the Bank of England looks to quell inflation, exacerbated by the chancellor’s disastrous ‘mini […]
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04 Aug 2022 10 min read
QuotedData’s Real Estate Roundup – August 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data July’s biggest movers in price terms are shown in the charts below. Many of the logistics and office focused companies that have suffered in the past few months saw somewhat of a recovery in July, as the substantial discounts that their share prices trade at relative […]
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15 Jul 2022 8 min read
QuotedData’s Real Estate Quarterly Review – Second Quarter 2022
Real Estate Quarterly Review Kindly sponsored by abrdn Storm clouds gather Fears that a perfect storm is brewing has weighed on the real estate sector. Central banks’ move to raise interest rates to curb spiralling inflation has stoked concerns that investors will turn away from real estate to less risky alternatives, such as bonds. Meanwhile […]
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12 Apr 2022 7 min read
QuotedData’s Real Estate Quarterly Review – First Quarter 2022
Real Estate Quarterly Review Kindly sponsored by Abrdn Value to be found in topsy-turvy market The first three months of 2022 have been full of significant events. Investor caution followed Russia’s invasion of Ukraine and put paid to a London-listed property company with a portfolio of Russian assets (see page 6 for details). The cost-of-living crisis […]
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06 Apr 2022 15 min read
QuotedData’s Real Estate Roundup – April 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data March’s biggest movers in price terms are shown in the charts below. Property stocks generally rallied in March, perhaps due to the relative inflation hedge they can provide. There were two outliers in Dublin office specialist Hibernia REIT and small-cap South East of England landlord McKay […]
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09 Mar 2022 11 min read
QuotedData’s Real Estate Roundup – March 2022
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data February’s biggest movers in price terms are shown in the charts below. The geopolitical uncertainty caused by the Russian invasion of Ukraine has hit markets hard. On the whole, the property sector suffered losses during February, but there were a few companies that saw […]
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04 Feb 2022 7 min read
QuotedData’s Real Estate Roundup – February 2022
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data January’s biggest movers in price terms are shown in the charts below. Perhaps reflecting optimism around the strength of the economy coming out of COVID restrictions, a shift to value stocks was triggered in January, with property generalists and retail-focused companies the beneficiaries. Hammerson […]
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24 Jan 2022 10 min read
QuotedData’s Real Estate Annual Review – 2021
Real Estate Annual Review Kindly sponsored by Aberdeen Standard Investments Bouncebackability Over the course of 2021, the property sector certainly rebounded from the depths of the pandemic-induced slumps of 2020, with the average share price of listed property companies up 14.2%. That didn’t mean there were not some ups and downs along the way. The […]
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15 Oct 2021 8 min read
QuotedData’s Real Estate Quarterly Review – Third Quarter 2021
Real Estate Quarterly Review Kindly sponsored by Aberdeen Standard Investments Rate rise fears dampens bounce back The quarter started with much promise, as activity picked up with the full opening of the economy. This was reflected in the valuation of commercial properties and in turn investor sentiment to the listed real estate sector. However, supply chain […]
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08 Oct 2021 10 min read
QuotedData’s Real Estate Roundup – October 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data September’s biggest movers in price terms are shown in the chart below. With fears that economic growth will be stunted by supply chain issues, September wasn’t a great month for property stocks. However, development and regeneration specialist Harworth saw its share price rise 13.3% […]
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06 Aug 2021 10 min read
QuotedData’s Real Estate Roundup – August 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data July’s biggest movers in price terms are shown in the chart below. It was no surprise that GCP Student Living topped the table for best performing property companies in July after it received a takeover bid 30% above its share price during the month. […]
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15 Jul 2021 8 min read
QuotedData’s Real Estate Quarterly Review – second quarter 2021
Value hunters boost property The easing of lockdown restrictions throughout the quarter saw property companies stage somewhat of a comeback from the depths of the pandemic, despite ‘freedom day’ being delayed into July. The potential for an economic bounce in the second half of the year is growing and generalist real estate investment trusts (REITs), […]
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09 Jul 2021 10 min read
QuotedData’s Real Estate Roundup – July 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data June’s biggest movers in price terms are shown in the chart below. In a month when Boris Johnson announced the easing of restrictions would be pushed back as COVID cases rose, only a handful of property companies saw share price gains. Topping the list […]
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19 Apr 2021 8 min read
QuotedData’s Real Estate Quarterly Review – first quarter 2021
Lockdown cloud begins to lift The success of the vaccine rollout in the UK and the implementation of a roadmap out of lockdown saw the share prices of listed property companies – most of which had been decimated during the last year – make somewhat of a recovery. The economy is on firmer footing and […]
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14 Apr 2021 11 min read
QuotedData’s Real Estate Roundup – April 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data March’s biggest movers in price terms are shown in the chart below. Drum Income Plus REIT saw its share price rally 75% in March following the announcement that its board was undertaking a strategic review to consider the future of the company, which it […]
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11 Feb 2021 6 min read
QuotedData’s Real Estate Roundup – February 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data January’s biggest movers in price terms are shown in the chart below. The UK’s vaccination programme has lifted optimism for a speedier opening of the economy than first feared at the start of the year. Property companies that reported positive valuation figures for the […]
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22 Jan 2021 12 min read
QuotedData’s Real Estate Annual Review – 2020
Real Estate Annual Review Kindly sponsored by Aberdeen Standard Investments Riding out the COVID rollercoaster The 2020 rollercoaster saw more downs than ups and at times felt like a pandemic induced freefall. Lockdowns, tiers and plenty of U-turns meant investing in property was not for the faint hearted. Positivity returned at the end of the […]
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17 Dec 2020 12 min read
QuotedData’s Real Estate Roundup – December 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data November’s biggest movers in price terms are shown in the chart below. The eagerly awaited news of a successful vaccine candidate came at the start of November, boosting the stock market. Property companies that had seen their share price battered over the past eight […]
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12 Nov 2020 9 min read
QuotedData’s Real Estate Roundup – November 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data October’s biggest movers in price terms are shown in the chart below. October finished with the threat of a second lockdown looming over the UK as COVID-19 cases continued to rise. However, this did not dampen demand for shares in some of the companies […]
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16 Oct 2020 8 min read
QuotedData’s Real Estate Quarterly Review – Q3 2020
Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments Toughing it out It has been another challenging quarter for the real estate sector as the COVID-19 pandemic continues to take its toll. The economy bounced back in the early part of the quarter after the national lockdown was lifted, while government schemes such as […]
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13 Aug 2020 9 min read
QuotedData’s Real Estate Monthly Roundup – August 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data July’s biggest movers in price terms are shown in the chart below. A number of REITs and property companies saw big share price gains over the month of July as covid-19 restrictions started to ease across the UK and greater economic stimulus was revealed. […]
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16 Jul 2020 7 min read
QuotedData’s Real Estate Quarterly Review – Q2 2020
Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments A polarised lens The covid-19 pandemic continued to wreak havoc in the real estate in the second quarter, but a polarisation of sectors and funds has started to become apparent. Companies focused on the retail, leisure and hospitality property sectors had already seen huge negative […]
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07 Jul 2020 12 min read
QuotedData’s Real Estate Roundup – July 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data June’s biggest movers in price terms are shown in the chart below. Uncertainty caused by the covid-19 pandemic continued to weigh on property stocks in June and we had the first real casualty in Intu Properties, which collapsed into administration. A number of companies […]
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07 May 2020 11 min read
QuotedData’s Real Estate Roundup – May 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data April’s biggest movers in price terms are shown in the chart below. Following two months of heavy falls as the covid-19 pandemic took hold and the UK was put on lockdown, many property companies saw a bounce in their share price in April, although […]
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20 Apr 2020 7 min read
QuotedData’s Real Estate Quarterly Roundup – First Quarter 2020
Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments Covid chaos The covid-19 pandemic has had a devastating effect on the share price of property companies, with 31% wiped off the value of their total market capitalisation during the first quarter of 2020. Companies focused on the retail, leisure and hospitality property sectors were […]
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10 Mar 2020 12 min read
QuotedData’s Real Estate Roundup – March 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data February’s biggest movers in price terms are shown in the chart below. Property stocks tumbled in February as fears over the spread of Covid-19 spooked financial markets around the world and resulted in the largest sell-off since the 2008 financial crisis. There were just […]
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30 Jan 2020 12 min read
QuotedData’s Real Estate Annual Review – 2019
Property’s alternative theory The year was dominated by political and economic uncertainty, with Brexit negotiations casting a shadow over the market and the general election adding a further layer of doubt for much of the year. For a market that is staunchly aligned with political and economic sentiment, listed property companies and REITs performed well, […]
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22 Mar 2019 2 min read
QuotedData’s economic roundup – March 2019
QuotedData’s economic roundup – March 2019 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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12 Oct 2018 1 min read
QuotedData’s investment companies roundup – October 2018
QuotedData’s investment companies roundup – October 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in September Trian Investors 1 is a new fund that will adopt […]
News
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09 Sep 2025 2 min read
Morning briefing: New dividend policy for Dunedin Income Growth; plus NBDD, NBDX, ESO, LABS, HMSO, GPE, RGL, ESP, UTG, HGT
Dunedin Income Growth (DIG) says it will introduce an enhanced dividend policy, using reserves to boost its dividend yield. The total dividend for the financial year ended 31 January 2026 will be at least 19.1p per share, 34.5% up on the prior year. That pushes it onto a notional 6% yield on NAV or, at […]
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04 Sep 2025 2 min read
REIT Review: Real estate recovery hamstrung by weak economic outlook
A welcome base rate cut in August did little to prevent another mauling in the real estate sector, with an average 3.7% share price fall over the month. Gilt yields, and the five-year swap rate that is closely followed by the sector, widened on persistent inflation and rising public debt. Consequently, just a handful of […]
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14 Aug 2025 3 min read
Morning briefing: Unite seals £634m Empiric deal; plus RSE, JAM, JCH, RTW, SEED, GRIT & NRR
Empiric Student Property agrees to takeover by Unite; Riverstone Energy sets “adjustment payments” to its fund manager ahead of next week’s wind-down vote; and JPMorgan American and JPMorgan Claverhouse issue half-year results. Unite (UTG) is to buy Empiric Student Property (ESP) after the two companies agreed a recommended cash and share offer in talks that […]
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07 Aug 2025 2 min read
Sirius Real Estate shines as REIT valuation gains pierce the economic gloom
A good number of real estate investment trusts made headway in July despite mounting macroeconomic uncertainty weighing on the sector which, after a strong first half of the year, was down 2.6% on average. Best performing real estate shares (%) Sirius Real Estate 6.8 International Workplace Group 6.0 Value & Indexed Property Income Trust […]
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01 Aug 2025 3 min read
Slim pickings in REIT sector as recovery takes hold
At a time when real estate fortunes are turning positive, the UK REIT sector offers slim pickings to attentive investors. Three years battling wide discounts to NAV and pulsating merger and acquisitions (M&A) activity has seen the number of listed real estate stocks almost halve. Mid-way through 2022, when the impact of soaring inflation and […]
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29 Jul 2025 2 min read
QuotedData’s morning briefing 29 July: SHC, DLN, UTG, SBO, BOOK, APAX, BBH, CORD, SOI & API
Positive property news with results from Unite and Shaftesbury Capital and an office disposal by Derwent London, while Schroder British Opportunities details its plan to focus on private equity. Shaftesbury Capital (SHC), the real estate investment trust focused on London’s West End, has entered the second half of the year with “strong momentum” after a […]
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08 Jul 2025 2 min read
QuotedData’s morning briefing 8 July: UTG, SBO, CBA, CORD, LMS, INPP & PHP
Student accommodation provider Unite reiterates its annual earnings target despite a slowdown in bookings, Schroder British Opportunities invests in insurance broker JMG and Cuban property fund Ceiba pays money owed to Aberdeen, its former asset manager, and holders of its convertible bonds.
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04 Jul 2025 1 min read
QuotedData’s morning briefing 4 July – FGT, ESP, UTG, JEMA
In QuotedData’s morning 4 July 2025: Nick Train now has almost a 4% stake in FGT, Empiric is giving Unite more time to finalise its bid. JEMA’s court cases in Russia have been postponed again. We also have: Did you see from yesterday?
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05 Jun 2025 1 min read
Unite in for Empiric Student Property
Student accommodation specialist Unite Group has tabled an offer for its smaller peer Empiric Student Property. Following media speculation, the board of Empiric confirmed that it received a non-binding proposal from Unite on 7 May and following a period of engagement received a revised offer on 29 May. That offer comprises 30p in cash and […]
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1 min read
Unite sells student accommodation portfolio for £212m
Unite Students has sold a portfolio of nine student accommodation properties, comprising 3,656 beds, for £212m (Unite share: £140m) to an affiliate of Lone Star Funds. The disposal is part of the group’s strategy to increase alignment to high and mid-ranked universities and properties with the strongest prospects for sustainable long-term rental growth. The disposal […]
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25 Feb 2025 2 min read
Unite Group buoyed by strong university demand
Unite Group reported strong returns over 2024 boosted by growing university applications (including overseas student demand) and dwindling supply of quality accommodation. The company posted 8.2% rental growth for the 2024/25 academic year and 97.5% occupancy (2023/24: 7.4% and 99.8%), with adjusted earnings per share up 5.2% to 46.6p. EPRA net tangible assets (NTA) was […]
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26 Jul 2024 1 min read
QuotedData’s weekly news show 26th July 2024
Thank you to everyone that listened in today on our YouTube channel. In this week’s show, James Carthew and Richard Williams covered the week’s top stories: Jupiter Green (0:25) Hammerson (6:37) Unite (11:20) This week’s interview was with Henry Butt from AEW UK REIT – watch it again here.
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24 Jul 2024 3 min read
Unite raises £450m to grow student portfolio
Unite Group has raised £450m in a placing, with the proceeds earmarked for a number of student accommodation acquisitions and development projects. A total of 49,686,114 new ordinary shares were placed, raising gross proceeds of approximately £447m. Shares were issued at a price of 900 pence, representing a discount of 2.6% to the closing price […]
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08 Jul 2024 2 min read
Unite Students ups rental growth forecast
Unite Group has upped its rental growth forecast for the forthcoming academic year to 7% (from 6%) due to high demand for its student accommodation, and said that the higher education policy remains stable under a Labour government. The company revealed that 94% of rooms were now reserved for the 2024/25 academic year, ahead of […]
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13 May 2024 1 min read
Unite sells £184m student portfolio
Unite Students (UTG) has sold six properties to PGIM Real Estate for £184m (UTG share: £76m), as it continues to focus on student accommodation close to highly ranked universities. The properties, comprising 2,948 beds, are located in Birmingham, Cardiff, Leicester, Liverpool, Nottingham and Sheffield and have an average age of 18 years. 53% of UTG’s […]
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27 Feb 2024 2 min read
Unite Group posts record earnings as student sector flourishes
Student accommodation specialist Unite Group reported record earnings in results for the year to 31 December 2023, as the supply and demand dynamics in the real estate sub-sector continues to benefit the company. The company posted an 8% uplift in adjusted earnings per share to 44.3p (2022: 40.9p). This was influenced by practically full occupancy […]
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19 Feb 2024 1 min read
QuotedData’s morning briefing 19 February 2024 – UTG
In QuotedData’s morning briefing on 19 February 2024: Unite Students (UTG) has entered into a joint venture framework agreement with Newcastle University for the development of 2,000 new student beds. The scheme will replace an existing student accommodation building at the university’s Castle Leazes site in Newcastle. The Castle Leazes site currently provides 1,250 beds […]
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09 Jan 2024 1 min read
QuotedData’s morning briefing 9 January 2024 – UTG, CREI, HHI, HDIV
In QuotedData’s morning briefing for 9 January 2024: Unite Group (UTG) has released fourth quarter 2023 valuation information on its student accommodation portfolio. The group’s USAF property portfolio (27,922 beds in 71 properties across 19 university towns and cities in the UK) was independently valued at £2,992m at 31 December 2023, a 2.1% increase on […]
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05 Oct 2023 1 min read
QuotedData’s morning briefing 05 October 2023 – UTG, GPE
In QuotedData’s morning briefing 5 October 2023: The Unite Group (UTG) has provided a trading update and Q3 valuations. Rental growth was up 7.3% for the 2023/24 academic year, with a 99.7% occupancy rate (versus 97.9% for the prior year). The Unite UK Student Accommodation Fund property portfolio was valued at £2,929m, a 0.2% increase […]
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25 Jul 2023 1 min read
Unite Group raises £300m in placing
Student housing provider Unite Group has raised £300m in a placing. A total of 32,693,930 new ordinary shares were placed with institutional investors at a price of 905p, raising £296m. Retail investors subscribed via the PrimaryBid platform for a total of 441,989 new ordinary shares, raising £4m. The issue price of 905p represents a discount of […]
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30 Jun 2023 3 min read
QD view – University challenge
As the UK continues to grapple with high inflation and interest rates, investing in property is not for the faint-hearted. One of the strongest options, however, appears to be student accommodation. The fundamentals supporting growth in the sector are striking. University applications continue to rise – both from domestic students and more rapidly from overseas […]
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28 Feb 2023 1 min read
Strong student accommodation sector boosts Unite Group
Student accommodation landlord Unite Group results for 2022 show performance ahead of pre-pandemic levels. Adjusted earnings were up 48% to 40.9p per share, while the company matched the uplift in its dividend of 32.7p (2021: 22.1p). The group’s portfolio was back to full occupancy in the 2022/23 academic year, with 3.5% rental growth. The outlook […]
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10 Jan 2023 3 min read
Unite Students positive on full year returns
Unite Students, the owner, manager and developer of student accommodation, has said that earnings for 2022 will be at the top end of its guidance of 40-41p per share, with a total accounting return of 8%. Higher than expected rental income in term one of the 2022/23 academic year more than offset the impact of […]
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10 Oct 2022 2 min read
Unite Students branches out into residential
Student accommodation investor Unite Students has acquired a build-to-rent property in Stratford, east London, for £71m as it looks to branch out into the residential sector. It has purchased 180 Stratford, a 178-unit purpose-built build-to-rent property, which it says will enable it to” test its operational capability to extend its accommodation offer to young professionals […]
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08 Mar 2022 1 min read
Unite sells digs portfolio for £306m
Unite Students has sold a portfolio of 11 properties, comprising 4,488 beds, for £306m (Unite share: £236m) to an affiliate of Lone Star Funds. The disposal portfolio includes assets in Sheffield (1,700 beds), Reading (703 beds), Leicester (665 beds), Bedford (517 beds), Liverpool (390 beds), Birmingham (337 beds), Bristol (99 beds) and Leeds (77 beds), and […]
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09 Sep 2021 2 min read
QuotedData’s morning briefing 9 September 2021
In QuotedData’s morning briefing 9 September 2021: BlackRock Throgmorton is asking investors to allow it to issue more shares. The permission given by investors at the last AGM is starting to run out as the success of the trust attracts new investors. Growing the trust adds to the NAV, because all new shares are issued […]
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11 Jan 2021 1 min read
Unite to offer students 50% rent discount
Student accommodation specialist Unite has announced a rent discount for students following the latest lockdown in the UK. It said its student tenants will be able to apply for a discount of 50% of their rent for a total of four weeks and, in addition, will be given a four-week complimentary extension of their tenancy agreement […]
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20 Nov 2020 2 min read
Unite acquires 800 bed development site in Paddington
Unite Group has announced that it has acquired an 800-bed development site in Paddington, central London on a subject to planning basis. It has also provided an update on check-in performance for the 2020/21 academic year. Paddington development site acquired from Travis Perkins Unite has exchanged contracts to acquire a new 800-bed development site in […]
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14 Aug 2020 2 min read
University challenge may come good
On the same morning that the farcical A-level results were announced this week, student accommodation specialist Empiric Student Property released half-year numbers that revealed bookings for the upcoming academic year was at 65%, compared to 85% at the same period last year. On first look that does seem a startling drop, but given the disruption […]
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25 Jun 2020 1 min read
Unite raises £300m in placing
Student accommodation specialist Unite has raised £300m in an equity raise. A total of 34,482,759 new ordinary shares were placed at a price of 870 pence per share, representing a discount of 3.1% to the closing price on 24 June 2020 of 897.5 pence. Concurrently with the placing, certain directors of the company subscribed for an aggregate of […]
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22 Apr 2020 3 min read
Unite to take 16%-20% hit on income this academic year
Unite Students, the student accommodation owner has said it expects a 16%-20% reduction in income for the 2019/20 academic year. The group has received rent cancellation requests for the summer semester of 2019/20 and expects to forgo rent on around 43,000-46,000 beds representing around 62-65% of all owned and managed beds. Remaining beds are accounted for by […]
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26 Feb 2020 1 min read
Blackstone buys student accommodation company in £4.7bn deal
US private equity giant Blackstone has backed the UK student property sector with the £4.7bn acquisition of a student accommodation company. It has agreed a deal to buy IQ Student Accommodation from Goldman Sachs and Wellcome Trust, in a deal that is said to be the UK’s largest-ever private real estate transaction. IQ owns and […]
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07 Oct 2019 1 min read
Unite Group sells two Coventry assets for £96m
Student accommodation specialist Unite Group has sold two properties in Coventry to a Singaporean investor for £96m. The two assets, Callice Court and Millennium View, comprise a total of 1,127 beds and have been sold to Mapletree Investments. The transaction price is in line with book value and Unite said it would recycle the capital […]
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12 Aug 2019 1 min read
QuotedData’s other news 12 August 2019
In QuotedData’s other news 12 August 2019 Unite Group, one of the UK’s leading owners, managers and developers of student accommodation, announces that it has exchanged contracts to acquire a new 620-bed development site in Nottingham.The direct let development, which is subject to planning consent, will open in time for the 2022/23 academic year. Total development costs […]
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30 Jul 2019 1 min read
Unite’s £1.4bn Liberty Living deal faces competition probe
Unite’s £1.4bn Liberty Living deal faces competition probe – The competition watchdog has launched an investigation into Unite Group’s £1.4bn takeover of student accommodation rival Liberty Living. The Competition and Markets Authority (CMA) could block the takeover if it concludes the deal would prove anti-competitive. The CMA is yet to set a deadline for its […]
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23 Jul 2019 2 min read
Unite posts strong earnings and dividend growth
Unite posts strong earnings and dividend growth – Student accommodation specialist Unite Group, which is in the middle of a £1.4bn acquisition of Liberty Living, posted earnings growth of 16% in its half-year report, boosting its dividend by 8%. EPRA earnings rose to £61.2m in the first half of 2019, compared to £52.9m in H1 2018. […]
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03 Jul 2019 1 min read
Unite Group buying Liberty Living
Unite Group buying Liberty Living – Student accommodation business, Unite Group, is to buy rival, Liberty Living in a £1.4bn deal ( £0.8bn in cash and £0.6bn in shares). The vendor is Liberty Living Holdings Inc., a wholly owned subsidiary of Canada Pension Plan Investment Board. The Liberty Living portfolio comprises 24,021 beds and was independently […]
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28 Feb 2019 2 min read
Unite confident as focuses on high quality universities
Unite confident as focuses on high quality universities – Unite Group has published results for the year ended 31 December 2018. Highlights were: A 10% increase in EPRA NAV to 790p EPRA earnings up 25% to GBP88.4 million, 34.1p per share (2017: GBP70.5 million and 30.3p) 98% occupancy and like-for-like rental growth of 3.2% (2017: 99% […]
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11 Sep 2018 1 min read
Unite disposes of 14 properties for £180.5 million
Unite disposes of 14 properties for £180.5 million – Unite Students (UTG) has announced the unconditional exchange of contracts for the disposal of 14 properties, comprising 3,436 beds for £180.5 million, of which Unite’s share is £84.7 million. The properties are being sold to Singapore Press Holdings and completion is due later in September 2018. The purchase […]
