41061 Unite AR22 HI-RES WEB-READY - Flipbook - Page 14
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THE UNITE GROUP PLC | Annual Report and Financial Statements 2022
WHY INVEST IN UNITE
SUSTAINABLE GROWTH
Sector leader in UK student accommodation
delivering attractive returns
STRUCTURALLY
GROWING
SECTOR
HIGH-QUALITY
PORTFOLIO
BEST-IN-CLASS
OPERATING
PLATFORM
Demographic growth
Aligned to the strongest
Universities
Over 60 University
partnerships
Our portfolio is increasingly
focused on the UK’s leading
Universities, where we see the
strongest prospects for student
number growth, through our new
investment activity and disciplined
capital recycling.
We are the partner of choice for a
large number of the UK’s leading
Universities, reflecting our track
record, focus on student support
and our high-quality, affordable
products and services.
The UK’s 18-year-old population is
set to grow by 19% by 2030,
supporting demand for an additional
c.140k undergraduate places at
current participation rates.
Rising Higher Education
participation
2022/23 saw a record share of
18-year-olds applying to University,
demonstrating young people’s
recognition of the opportunities
and life experience that University
provides. Demand for postgraduate
courses also continues to grow,
as reflected in a 37% increase in
postgraduate intake over the past
three years.
Passionate frontline teams
Value-for-money
We offer students a hassle-free living
experience, with support on hand
when it is needed. Our pricing is
inclusive of utilities, Wi-Fi, contents
insurance and maintenance.
Service excellence is delivered by
our passionate front-line team of
1,400 employees. This brings
together our experience of over
30 years of operating in the student
accommodation sector.
Investing to enhance our
operational estate
Sector-leading
operating margins
There is a multi-year opportunity
to enhance rents and reduce
operational costs through
investments in our customer
proposition and the energy
efficiency of our buildings.
We drive cost efficiencies through
our scale using our PRISM
technology platform. Management
fees from joint ventures and
funds also cover two-thirds of
our annual overheads.
18-year-old
participation
rate in 2022/23
Share of the rental
portfolio by value in
Russell Group cities
Number of beds let under
nomination agreements
for 2022/23
37.5%
94%
37,000
See pages 22–29 for more information
See pages 62–69 for more information
See pages 56–61 for more information
Growing international
demand
The UK Government remains
committed to the target of at least
600,000 international students
studying in the UK each year with a
particular focus on attracting more
students from Africa, the Middle
East and Asian countries outside
of China.