UK student accommodation provider Unite Group has announced the quarterly property valuation of its fund and the London student accommodation joint venture (LSAV).
The combined figure for both as at 30 June is £3.5bn.
Breaking this down, the Unite UK Student Accommodation Fund (USAF) was valued at £2.32m at the end of the second quarter, up 1.2% during the period. The portfolio comprises 71 properties across 23 university towns and cities in the UK.
Meanwhile, LSAV’s investment portfolio was independently valued at £1.2m, up 2.5% in the quarter. LSAV’s investment portfolio comprises 13 properties in London and Aston Student Village in Birmingham.
Joe Lister, Unite Students chief financial officer, said: “Reservations for 2018-19 continue to perform strongly, in line with prior year, demonstrating the continued demand for our rooms and services. The strong performance is driven by our focus on long-term partnerships with high-quality universities and our investment in locations where demand for purpose-built student accommodation is the strongest.”
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