Capital Markets Day

RNS Number : 4400P

Unite Group PLC (The)

19 October 2021

 

PRESS RELEASE

19 October 2021

THE UNITE GROUP PLC

('Unite Students', 'Unite', the 'Group', or the ' Company ')

CAPITAL MARKETS DAY

Unite Students, the UK's leading owner, manager and developer of student accommodation, is today hosting a Capital Markets Day in Manchester. There will be no new disclosures on current trading with the Group's overall performance consistent with guidance provided in the trading update on 8 October. The event will set out the Group's strategy to enhance its operating platform and invest in its portfolio to deliver on its purpose of providing a 'Home for Success' for students and provide attractive returns to shareholders.

The event will focus on the following areas:

· Enhancing the student experience

· Investing in the portfolio to drive rental growth

· Improving our environmental and social impact

· Delivering attractive financial returns

Richard Smith, Chief Executive of Unite Students, commented :

"Having shown real resilience during the pandemic, the business is now positioned for growth. Our best-in-class operating platform provides us with strong foundations to adapt to evolving student needs and deliver an enhanced customer experience. There are also significant opportunities to invest in our well-located and affordable estate to drive rental growth and improve the environmental performance of our buildings.

There is a strong outlook for student demand over the next decade driven by demographic growth, rising participation rates and increasing demand from international students, supporting future rental growth. We also see significant opportunities to commit capital through our development pipeline and university partnerships. This underpins our confidence in delivering attractive total returns and sustainable earnings growth for shareholders. "

A live webcast of the event will be available from 10:15 a.m. BST, which can be accessed via the following link:

https://webcasting.brrmedia.co.uk/broadcast/61436c5a7d0383367bb1207d

Copies of the presentation and webcast will be available on the Company's corporate website following the event.

ENDS

For further information, please contact:

Unite Students
Joe Lister / Michael Burt	Tel: [phone]
Unite press office	Tel: [phone]
Powerscourt
Justin Griffiths / Victoria Heslop	Tel: [phone]

 

About Unite Students

Unite Students is the UK's largest owner, manager and developer of purpose-built student accommodation, serving the country's world-leading Higher Education sector. We provide homes to 73,000 students across 173 properties in 25 leading University towns and cities. We currently partner with over 60 Universities across the UK.

Our people are driven by a common purpose: to provide a 'Home for Success' for the students who live with us. Unite's accommodation is safe and secure, high quality and affordable. Students live predominantly in ensuite study bedrooms, with rents covering all bills, insurance, 24-hour security and high-speed Wi-Fi. We also achieved a five-star British Safety Council rating in our last audit.

Founded in 1991 in Bristol, Unite Group is an award-winning Real Estate Investment Trust (REIT), listed on the London Stock Exchange and a member of the FTSE 250 Index. Unite is invested in and operates two specialist funds and joint ventures with institutional investment partners: the £3 billion Unite UK Student Accommodation Fund (USAF) and the £1 billion London Student Accommodation Vehicle (LSAV).

For more information, visit:

Unite's corporate website www.unite-group.co.uk

The student site www.unitestudents.com

 

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