13th Dec 2007 12:00
Unite Group PLC13 December 2007 UNITE GROUP PLC ANALYST AND INVESTOR SITE VISIT The UNITE Group plc ('UNITE'), the UK's largest provider of studentaccommodation, will today host an event for investors and analysts in London.Attendees will visit three UNITE properties in Central London. This will befollowed by a presentation, which will cover the following: • Strategy overview • A focus on UNITE in London • Financing and business model No new material information will be disclosed during the event. A presentation from the visit is available on UNITE's website at: www.unite-group.co.uk ENDS For further details please contact: Tabitha Aldrich-Smith Telephone: 020 7902 5057 UNITE Group plc Email: [email protected] Dido Laurimore/Laurence Jones/ Nicole Marino Telephone: 020 7831 3113 Financial Dynamics Email: [email protected] / [email protected] /[email protected] About UNITE • UNITE is the UK's leading provider of student accommodation; • UNITE currently operates accommodation for 38,000 students in 135 properties, geographically spread in key university markets across England, Wales and Scotland • The value of UNITE's completed property portfolio is estimated to be worth £2 billion. • UNITE has a dedicated website for students who are looking to find accommodation at www.unite-students.com • UNITE is a founding member of the ANUK Code of Standards for Larger Developments, all properties are signed up to this code ensuring high standards of accommodation, service and security. UNITE UK Student Accommodation Fund At the end of 2006, UNITE established the £1 billion UNITE UK StudentAccommodation Fund and sold an initial portfolio to it for £515 million. Theprincipal objectives of this transaction were: • to release capital that was tied up in mature, stabilised investment assets for investment into higher added value development activity; • to provide UNITE with more growth capital in the medium term; and • to diversify UNITE's sources of income by providing a new, valuable revenue stream arising from management fees from the Fund. The Fund helped transform UNITE's business model to that of developer of newpurpose-built student accommodation and manager of funds which own studentaccommodation properties operated by UNITE and in which the Group has asignificant minority stake. UNITE Student Accommodation, designed for students • Dedicated on-site hospitality management team offering 24/7 support to customers. • A wide choice of rooms available from single studio flats for students who want to live on their own, or, typically 5/6 bedroom flats to share with friends. • Common room facilities, including Sky TV and pool tables, are often used for social events. A number of properties offer gyms exclusively for residents' use. • Rents and availability vary in each town/city and a variety of payment plans are in place to suit students. UNITE focuses on the provision and management of high quality, well-locatedstudent accommodation and hospitality services at affordable prices in stronghigher education markets. UNITE undertakes the planning work, development andmanagement of sites, often working closely with the Universities and Colleges todeliver accommodation for students across all ages and nationalities. UNITEdevelopments typically show high occupancy levels as demand continues to risefor places on UK Higher Education courses and for high-quality, safeaccommodation. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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