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Evening Standard

Business

Daniel O'Boyle

Unite Students raises £300 million for new developments as CEO warns again of supply crisis

Unite Richard Smith

Student housing provider Unite has raised £300 million for two new developments, including one in Stratford, as its CEO warned students may not be able to find properties in the areas they would like as its accommodation fills up.

The group raised funds for a 952-bed property in Stratford, set to open in 2027 which will include a new entrance for Stratford tube station, and a 614-bed property in Bristol. CEO Richard Smith hopes those developments can help ease a shortage of student housing caused by HMO landlords exiting the sector amid new regulations and skyrocketing mortgage rates, which he has repeatedly warned of.

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Federal judge halts ICE detention centre construction at California site over environmental review

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

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