4th Dec 2006 13:12
Unite Group PLC04 December 2006 4 December 2006 FORMATION OF UNITE UK STUDENT ACCOMMODATION FUND On 15 November 2006 The UNITE Group plc ("UNITE") gave notice to itsshareholders of an Extraordinary General Meeting convened for 4 December 2006 toapprove the formation of, and contribution of properties to, the UNITE UKStudent Accommodation Fund, a new open-ended property fund focussed on owningand acquiring UK direct-let student accommodation (the "Proposed Transaction"). UNITE is pleased to announce that the resolution approving the ProposedTransaction was duly passed today by UNITE's shareholders at the ExtraordinaryGeneral Meeting. ENQUIRIES The UNITE Group plcTelephone: 0117 302 7000Mark Allan/Tabitha Birchall Financial Dynamics Telephone: 020 7831 3113Stephanie Highett/Dido Laurimore Notes to Editors: UNITE is the UK's leading student hospitality company. Listed in the FTSE 250index of the London Stock Exchange, the Group focuses on the provision andmanagement of high quality, well-located student accommodation and hospitalityservices in strong higher education markets. UNITE delivers the real student experience, whilst at the same time helping toregenerate cities as part of the community and contributing to the improvementof the country's housing. It undertakes the planning, development andmanagement of sites, often working closely with the universities and colleges,to deliver accommodation for students across all ages and nationalities. UNITEdevelopments typically show high occupancy levels and robust rental growth asdemand continues to rise for places in UK Higher Education and for safe, highquality accommodation for students. Further information on UNITE is available at www.unite-group.co.uk. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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