Overview
- Unite scrapped its 605‑bed TP Paddington development after deeming it not financially viable based on target returns, with a one‑off £10 million planning charge expected.
- The 500‑bed Freestone Island project in Bristol has been paused to explore best‑value options, releasing roughly £55 million of previously allocated capital.
- Reservations for 2026–27 stand at 64% versus 67% a year earlier, and nomination agreements are at 56% as some universities delay renewals.
- The company reiterated guidance for 93%–96% occupancy and 2%–3% rental growth next academic year despite the slower start to pre‑letting.
- Unite launched an up to £100 million share buyback, set a 2026 disposal target of £300–£400 million, and reported small Q4 valuation declines in USAF and LSAV as yields edged higher.