StockMarketWire.com - The Unite Group said two of its key funds experienced a valuation uplift of 1.6% each over the September quarter.

The Unite UK Student Accommodation Fund was independently valued at £2,137m at September 30, while the London Student Accommodation Joint Venture was valued at £1,102m.

The increase in valuations was driven by rental growth and seven basis points of yield compression across both funds.

The overall USAF portfolio is now valued at an average yield of 5.5% and LSAV's portfolio at 4.9%.


At 10:01am: [LON:UTG] Unite Group PLC share price was -0.25p at 704.75p



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