Last checked at 5 Aug 2008 10:28
Date: 05 August 2008
On behalf of: The UNITE Group plc ("UNITE" / "Group")
THE UNITE GROUP PLC
Interim Results - Friday 29 August 2008
The UNITE Group plc, the UK's largest manager of branded student accommodation, will announce its Interim Results for the six months to 30 June 2008 at 09.30 am on Friday 29 August 2008.
A live webcast will be made available at www.unite-group.co.uk on the day.
For further information, please contact:
Stephanie Highett / Dido Laurimore / Rachel Drysdale / Laurence Jones
Financial Dynamics
Tel: 020 7831 3113
Further information on The UNITE Group is available at www.unite-group.co.uk
About The UNITE Group
The UNITE Group plc is the UK's largest manager of branded student accommodation, with a business model that focuses on being a developer and co-investing asset manager. It operates accommodation for some 37,500 students throughout 29 key university towns and cities across England, Wales and Scotland. UNITE Group undertakes the planning, development and management of sites, often working closely with the universities and colleges, in order to deliver high quality, well-located student accommodation and hospitality services at affordable prices in strong higher education markets.
Together with its development pipeline, UNITE Group has a property portfolio under management valued at c. £2.9 billion on completion. UNITE Group's strategy, set out at the beginning of 2007, aims to double the size of its UK business by 2012. In 2007 UNITE Group expanded into the new field of graduate housing in London, by opening a 62 studio property, under the brand name Livocity, near Regents Park. Livocity has a further three projects planned in London for 2008/09.
With student rents resilient to economic cycles, and the continued growth in student numbers, especially from overseas, UNITE Group developments typically show high occupancy levels in a market where there is a general shortage of quality supply.
Founded in 1991, UNITE is listed on the London Stock Exchange (UTG) and is a FTSE 250 company.