Unite cautious on new student accommodation schemes

Grant Prior 11 years ago
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Student accommodation specialist Unite is not committing to any new developments until uncertainties over funding are cleared-up.

Construction is currently underway on three schemes in London and one in Glasgow.

Unite has also secured planning consent and funding for a scheme in Camden, north London where construction will start in the New Year and a planning application has been submitted for a student block in Stratford, east London with a planned 2014 opening date.

But Unite confirmed in a trading statement today that it is maintaining a “cautious” stance over further new developments.

The firm said: “Looking forward, the Group continues to see attractive development opportunities emerging but is maintaining a cautious stance towards committing to further development activity at this time until the funding climate becomes clearer.”

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