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Share Price Information for Unite (UTG)

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506.00    -2.50 (-0.49%)
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Market Cap: £2.61b
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Board Update

Today 07:01

RNS Number : 2890J
Unite Group PLC (The)
23 June 2026
 

PRESS RELEASE

23 June 2026

THE UNITE GROUP PLC

('Unite Group, 'Unite', the 'Group', or the 'Company')

BOARD UPDATE

 

Unite Group, the UK's leading owner, manager and developer of student accommodation, notes the announcement by CPPIB Holdco ('CPPIB') of a reduction in its shareholding in Unite to 7% and, consequently, announces that Thomas Jackson, CPPIB's nominated Director, will be stepping down from his position as Non-Executive Director of the Company, with effect from today.

 

Thomas Jackson joined the Board following the Group's acquisition of Liberty Living from CPPIB in 2019 as part of a relationship agreement between CPPIB and Unite, under which CPPIB was entitled to appoint one Non-Executive Director to the Board while its shareholding exceeded 10%.

 

Thomas Jackson, CPPIB Managing Director, commented:

"It has been a pleasure to serve on the Unite board since the acquisition of Liberty Living. CPP Investments values its constructive relationship with Unite and remains supportive of its strategic priorities."

 

Richard Huntingford, Unite Group Chair, commented:

"On behalf of the Board, I would like to thank Tom for his valued contributions and support to the Group as it has evolved its strategy over the past six and a half years. We have benefited significantly from his experience in student accommodation and the wider real estate investment and capital markets."

ENDS

 

 

For further information, please contact:

 

Unite Group

Joe Lister / Mike Burt / Saxon Ridley Tel: +44 117 302 7005

Press office Tel: +44 117 450 6300

 

Kekst CNC

Tom Climie / Guy Bates / Lucy Besser Tel: +44 7760 160 248

 

About Unite Group plc

Unite Group plc is the UK's largest owner, manager and developer of purpose-built student accommodation (PBSA) serving the country's world-leading higher education sector. Its property portfolio includes the Unite Students and Hello Student brands. Together, the Group provides homes for 72,000 students across 208 properties in 29 leading university towns and cities across the UK.

 

Our people are driven by a shared purpose: to provide a 'Home for Success' for the students who live with us. Our accommodation is safe, secure, high quality and affordable, with students living predominantly in en‑suite study bedrooms. Rents are all‑inclusive, covering bills, insurance, 24‑hour security and high‑speed Wi‑Fi.

 

We are committed to raising standards across the student accommodation sector for our customers, investors and employees. Our Sustainability Strategy includes a commitment to become net zero carbon across our operations and developments by 2030.

 

Founded in 1991 in Bristol, Unite Group plc is an award‑winning Real Estate Investment Trust (REIT) listed on the London Stock Exchange. For more information,

visit www.unitegroup.com, www.unitestudents.com or  www.hellostudent.co.uk.

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