Unite sells two properties for ?96m

Mon, 07th Oct 2019 07:14

(Sharecast News) - Student accommodation owner Unite said it had sold two properties in Coventry for £96m to Mapletree Investments.
The sale was in line with book value, Unite said in a statement on Monday, and took its share of disposals in the year to date to £250.

"We intend to dispose of approximately £150m - £200m of assets per annum over the next three years," said chief executive Richard Smith.

Related Shares

More News

11 Apr 2024 15:09

UK dividends calendar - next 7 days

9 Apr 2024 09:07

Unite Group starts year with good momentum amid high sales

(Alliance News) - Unite Group PLC on Tuesday maintained a confident outlook after achieving high sales in its first quarter.

9 Apr 2024 07:39

LONDON BRIEFING: HSBC sells Argentinian arm for USD550 million

(Alliance News) - Stocks in London are called to open lower on Tuesday, as investors nervously look ahead to US inflation data and the European Centra...

9 Apr 2024 07:15

Unite Group reiterates rental guidance after solid Q1

(Sharecast News) - Student accommodation manager and developer Unite has said it is still confident in hitting rental growth targets for the next acad...

2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, wi...