UNITE GROUP PLC

Unite Students, operating under Unite Group Plc, is the United Kingdom's leading entity in the ownership, management, and development of purpose-built student accommodation (PBSA). It primarily serves the nation's renowned Higher Education sector. After successfully completing the £1.4 billion acquisition of Liberty Living's UK assets in November 2019, the company now provides housing for 76,000 students across 177 properties located in 27 prominent university towns and cities. At the heart of Unite's mission is the goal to offer a "Home for Success" to its student residents and to be recognised as the most trusted brand within the sector. This objective is realised through exceptional service, dedicated personnel, and high-quality properties, all meticulously designed based on a profound understanding of students' needs and preferences. Unite's accommodation offerings are characterised by their superior quality, affordability, and secure environments, strategically positioned in desirable student locations. Most students reside in en-suite study bedrooms, with rents comprehensively covering all utility costs, insurance, 24-hour security, and high-speed Wi-Fi. The MyUnite mobile application further enhances practical support, enabling instant messaging and maintenance requests. Demonstrating a strong commitment to safety, Unite holds an impressive five-star rating from the British Safety Council, awarded after a thorough Occupational Health and Safety audit. This audit assesses performance against key safety management indicators, setting an international benchmark and advocating for continuous improvement. Operational excellence and customer satisfaction are bolstered by an innovative, proprietary operating platform. This system not only delivers significant benefits to students, such as a streamlined online booking process, but also empowers Unite to extract greater value from its portfolio through economies of scale and sophisticated revenue management. A central strategic priority involves achieving consistent and sustainable earnings, underpinned by a robust capital structure. A critical facet of this strategy is to expand the number of beds available through partnerships with top UK universities experiencing unprecedented student demand. Currently, Unite collaborates with 60 universities nationwide, with 52% of its rooms secured via 'nomination agreements,' which provide excellent predictability for future occupancy rates and rental income growth. Beyond providing housing, Unite is dedicated to assisting students in navigating the significant "Leap" into university life. Recognising the common discrepancy between student expectations and reality, the company developed the "Leapskills" programme. This initiative prepares prospective students for independent living by introducing various student life scenarios that encourage group discussions on conflict resolution, problem-solving, and the dynamics of shared living, thereby aligning expectations with practical experience. Furthermore, Unite is the primary founder and a major contributor to the Unite Foundation, a charitable trust that grants free accommodation scholarships to talented students facing financial challenges. To date, the Foundation has supported 434 young individuals in close collaboration with 27 partner universities. Financially, Unite is invested in and manages two specialised funds and joint ventures with institutional investment partners: the £3 billion Unite UK Student Accommodation Fund (USAF) and the £1 billion London Student Accommodation Vehicle (LSAV). Established in Bristol in 1991, Unite Group is an acclaimed Real Estate Investment Trust (REIT), listed on the London Stock Exchange, and a proud member of the FTSE 250 Index.

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