Rental growth boosts value of Unite portfolio

The value of Unite Group's UK Student Accommodation Fund property portfolio increased to £2.34bn in the quarter ended 30 June. This represents a 1.3% like-for-like increase during the quarter and a blended yield of 5.3%. The student accommodation developer and manager reported its Unite UK Student Accomodation Fund has 24,759 beds in 67 properties across 21 university towns and cities. Its London Student Accommodation joint venture has been valued at £1.28m, with 8,354 beds across 12 properties in London and Aston Student Village in Birmingham. This represents a 1.1% like-for-like increase during the quarter and a 4.5% yield. The company