Agreement of New Long-term Debt Facilities

Unite Group PLC
7 December 1999

       Agreement of new long-term debt facilities

The   Unite   Group  plc  ('Unite'),  the  UK's   leading
specialist  in  multi-occupancy  accommodation  for   the
student  sector  and NHS trusts, is pleased  to  announce
that  it  has  negotiated  new long  term  facilities  to
finance two existing portfolios of investment property.

The  facilities, for a total of £32.5 million, have  been
provided  by The Royal Bank of Scotland and the  Bank  of
Scotland  and will be substantially drawn down  by  April
2000.   The  new debt will replace a mixture of  existing
long  term  debt  and  development  finance  at  improved
margins  and  is  expected to release approximately  £3.5
million of cash over the next five months.

The  portfolios include properties let to Bath University
and  The  University of West England, as well as  schemes
currently under construction such as the flagship student
development 'Unite House' for Bristol University.

Both  The Royal Bank of Scotland and the Bank of Scotland
have  agreed in principle to extend the facilities  to  a
total of £50 million as other schemes reach completion.

Nick  Porter, Managing Director of The Unite  Group  plc,
commented:

'The  refinancing  exercise is in line with  the  Group's
strategy  to rationalise its long-term funding  and  seek
increasingly  competitive  rates  of  interest.   We  are
delighted   that  two  highly  respected   lenders   have
demonstrated  their confidence in the Group by  providing
facilities on very favourable terms.'

For further information, please contact:

The Unite Group PLC                        0117 907 8100
Nicholas Porter, Managing Director
David Ransome, Finance Director

Ludgate Communications                     0171 253 2252
Tim Davis
Alex Brog