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Unite Group PLC (UTG.L)

UTG.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Unite Group Raises About 170 Mln Stg Via Placing​
Wednesday, 21 Feb 2018 09:39am EST 

Feb 21 (Reuters) - UNITE GROUP PLC ::‍TOTAL 22,206,872 NEW SHARES PLACED AT A PRICE OF 765 PENCE PER PLACING SHARE, RAISING GROSS PROCEEDS OF ABOUT £170 MILLION​.‍PLACING SHARES REPRESENT APPROXIMATELY 9.2 PERCENT OF ISSUED ORDINARY SHARE CAPITAL OF COMPANY PRIOR TO PLACING​.  Full Article

Unite Group in placing to raise 170 mln stg
Wednesday, 21 Feb 2018 02:01am EST 

Feb 21 (Reuters) - Unite Group Plc ::‍PROPOSED PLACING OF NEW ORDINARY SHARES​.‍INTENTION TO RAISE GROSS PROCEEDS OF APPROXIMATELY £170 MILLION​.‍PROCEEDS WILL BE USED TO FUND TWO UNIVERSITY PARTNERSHIP TRANSACTIONS SUPPORTED BY LEADING UNIVERSITIES:​.‍BOARD ALSO INTENDS TO INCREASE GROUP'S DIVIDEND PAYOUT FROM 75% TO 85% OF EPRA EARNINGS IN FY 2018​.  Full Article

Unite Group Extends University Partnerships With Oxford Acquisition​
Friday, 8 Dec 2017 02:00am EST 

Dec 8 (Reuters) - UNITE GROUP PLC ::‍UNITE EXTENDS UNIVERSITY PARTNERSHIPS WITH OXFORD ACQUISITION​.AGREED COMMERCIAL TERMS WITH OXFORD BROOKES UNIVERSITY FOR 25-YEAR NOMINATIONS AGREEMENT COVERING SITE, WHICH WILL EXTEND ITS PARTNERSHIP WITH UNITE TO 1,350 BEDS​.‍NEW DEVELOPMENT IS EXPECTED TO PROVIDE 885 NEW BEDS AND WILL BE DELIVERED FOR 2019/20 ACADEMIC YEAR ​.TOTAL DEVELOPMENT COSTS EXPECTED TO BE AROUND £75 MILLION.  Full Article

Unite Group secures 500 mln debt facility
Thursday, 23 Nov 2017 02:00am EST 

Nov 23 (Reuters) - Unite Group Plc ::‍SECURED INVESTMENT GRADE CREDIT RATING AND ARRANGED A NEW FIVE YEAR UNSECURED DEBT FACILITY​.UNITE GROUP - ‍NEW £500 MILLION UNSECURED DEBT FACILITY PROVIDES ADDITIONAL FINANCING HEADROOM FOR DEVELOPMENT PIPELINE AND GREATER FINANCIAL FLEXIBILITY​.‍NEW FACILITIES WILL INCREASE DEBT MATURITY BY 12 MONTHS, AND WITH AN INITIAL MARGIN OF 145BP​.‍SYNDICATE FOR NEW FACILITIES CONSISTS OF HSBC BANK PLC AND ROYAL BANK OF SCOTLAND PLC​.  Full Article

Unite Group says USAF acquires 437-bed property in Sheffield for 35.5 mln stg
Thursday, 9 Nov 2017 02:00am EST 

Nov 9 (Reuters) - Unite Group Plc ::UNITE GROUP PLC - ‍UNITE STUDENTS ACCOMMODATION FUND (USAF) ACQUIRES 437-BED PROPERTY IN SHEFFIELD FOR £35.5 MILLION​.  Full Article

Unite Group says sales performance will deliver annual rental growth at mid to upper end of 3.0-3.5 pct expectations
Tuesday, 26 Sep 2017 02:00am EDT 

Sept 26 (Reuters) - UNITE GROUP PLC ::CURRENTLY 99% LET ACROSS ITS 49,000 BED PORTFOLIO FOR 2017/18 ACADEMIC YEAR.SALES PERFORMANCE WILL DELIVER ANNUAL RENTAL GROWTH AT MID TO UPPER END OF OUR 3.0-3.5% EXPECTATIONS.  Full Article

Unite Group says EPRA earnings up 12 pct
Wednesday, 26 Jul 2017 02:00am EDT 

July 26 (Reuters) - Unite Group Plc :Half year results for six months to 30 june 2017.Hy epra earnings up 12 pct to £40.4 million or 18.0p (30 june 2016: £36.1 million, 16.3p).Hy profit before tax £83.9 million or 36.7p basic eps (30 june 2016: £122.8 million, 48.3p) due to lower level of revaluation surplus.Interim dividend increased 22 pct to 7.3 pence per share (2016 interim: 6.0 pence).91 pct of rooms reserved at 25 july for 2017/18 (2016: 89 pct) at pricing that supports full-year rental growth of 3.0-3.5 pct.59 pct of rooms let under nominations agreements with an average unexpired term of six years.  Full Article

Unite Group says USAF's property portfolio independently valued at 2.07 bln stg
Monday, 10 Jul 2017 02:00am EDT 

July 10 (Reuters) - Unite Group ::At 30 June 2017, USAF's property portfolio was independently valued at 2,076 million stg representing a like-for-like increase of 0.9 pct during quarter.  Full Article

Unite Group's USAF, LSAV NAVs rise; 77 pct of UK student rooms booked
Monday, 10 Apr 2017 02:00am EDT 

Unite Group Plc : At March 31 Unite UK Student Accommodation Fund Property portfolio was independently valued at 2,084 mln stg; increase of 0.5 pct during quarter . USAF portfolio comprises 24,176 beds in 68 properties across 23 university towns and cities in UK . London Student Accommodation Joint Venture ('LSAV') as at March 31 portfolio was independently valued at 1,079 mln stg; up 0.6 pct in quarter on LFL basis . Increase in valuations is driven by rental growth with yields remaining stable in quarter .Reservations for 2017/18 academic year at record levels with 77 pct of rooms booked versus 74 pct; prices support full year rental growth outlook of 3.0-3.5 pct.  Full Article

Unite Group sells 13 student properties for 295 mln stg
Friday, 17 Feb 2017 02:00am EST 

Unite Group Plc : Disposal . Disposes of 13 student properties for 295 mln stg .Says proceeds will be used to fund Unite's recent 3,100 bed on-campus acquisition at Aston.  Full Article

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Peugeot's UK Vauxhall car workers agree pay deal as dispute in Germany continues

LONDON Workers at Peugeot-maker PSA's Vauxhall car plant in Britain have agreed a pay deal with the French automaker, the Unite Union said on Thursday, as a dispute with the firm's Opel workers in Germany continues.