Re: Quarterly Valuation

Unite Group PLC
09 July 2007


9 July 2007


   QUARTERLY VALUATION OF THE UNITE UK STUDENT ACCOMMODATION FUND - 4.3% RISE

The UNITE Group plc ('UNITE') today reports the Estimated Net Asset Value* as at
30 June 2007 of the UNITE UK Student Accommodation Fund (the 'Fund').  The Fund,
which is invested solely in direct let student accommodation, was launched on 15
December 2006 and UNITE acts as its manager as well as retaining a co-investment
stake.

The Fund's Estimated Net Asset Value at 30 June 2007 was £1.054 per unit (31
March 2007; £1.011 per unit, 31 December 2006; £0.945 per unit), representing an
increase of 4.3% over the quarter (11.6% year to date). In arriving at a value
for units in the Fund, the Fund's property portfolio was independently valued at
  £524.8 million as at 30 June 2007, representing an underlying increase in
value over the quarter of 1.5% predominantly attributable to rental growth. The
remainder of the increase in Estimated Net Asset Value was largely due to
movements in the fair value of debt less an accrual for performance fees.

Following the successful second closing through the sale of part of its holding
on 27 April 2007, UNITE's stake in the Fund has reduced to 29.3% (31 March 2007;
36.1%).


Notes:

*Estimated Net Asset Value excludes any non-capital profits accrued during the
quarter.


ENDS


Enquiries:

UNITE
Tony Harris, Chief Financial Officer                              0117 302 7006

Tabitha Aldrich-Smith, Corporate Affairs Director                 0117 302 7091

Financial Dynamics
Stephanie Highett / Dido Laurimore                                020 7831 3113



Notes to editors:

  • UNITE is the UK's leading student hospitality company.  Listed in the FTSE
    250 index of the London Stock Exchange and managing a property portfolio of
    £1.6 billion located across the UK, the Group focuses on the provision and
    management of high quality, well-located student accommodation and
    hospitality services in strong higher education markets.

  • UNITE delivers the real student experience, whilst at the same time
    helping to regenerate cities as part of the community and contributing to
    the improvement of the country's housing.  It undertakes the planning,
    development and management of sites, often working closely with the
    universities and colleges, to deliver accommodation for students across all
    ages and nationalities. UNITE developments typically show high occupancy
    levels and robust rental growth as demand continues to rise for places in UK
    Higher Education and for safe, high quality accommodation for students.

Further information on UNITE is available at www.unite-group.co.uk



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