Unite Group plc (GB:UTG) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Unite Group PLC has successfully raised approximately £450 million through the issuance of 50 million new ordinary shares, representing about 11.4% of its pre-raise capital. The capital will be used to purchase assets with management potential, fund joint ventures, and commit to new development schemes. CEO Joe Lister confirms the funding will support doubling their pipeline and enhance returns, reinforcing the robust student accommodation sector.
For further insights into GB:UTG stock, check out TipRanks’ Stock Analysis page.
