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Birmingham Post
Birmingham Post
Business
Hannah Baker

Unite Group returns to profit and predicts rental growth rise as students head back to university

The UK’s biggest student accommodation provider has returned to profit after seeing growth in occupancy levels in the 2021-2022 academic year.

Unite Group, which is headquartered in Bristol but runs properties around the country, reported a profit before tax of £343.1m in it’s interim results - up from a loss of £120.1m in 2020.

The company’s chief executive, Richard Smith, said the business had seen a “strong recovery” last year and was “well positioned” for further growth.

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