Unite Group plc (GB:UTG) has released an update.
Unite Group PLC, a leading UK student accommodation provider, has announced the sale of six properties worth £184 million to PGIM Real Estate, aligning its portfolio with high and mid-ranked universities to foster sustainable rental growth. The sale maintains the company’s adjusted earnings forecast for the 2024 financial year, with proceeds to be reinvested and fulfill redemption requests in USAF. CEO Joe Lister emphasizes the strong growth outlook for the purpose-built student accommodation sector and potential new investment opportunities.
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