Unite Group announces King's Place sale as Jefferies keeps Hold for Unite Group stock

Published on 10/05/2026 at 16:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

King's Place sold for GBP 60.00 million at a 3.00 percent book-value discount. Unite Group stock costs EUR 5.43 on October 5, 2026 after EUR 5.38.

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Unite Group (ISIN GB0006928617) announced the GBP 60.00 million sale of its King's Place development site on September 30, 2026. The transaction gives Unite Group stock a fresh capital-allocation reference while the shares stood at EUR 5.43 at Lang & Schwarz on October 5, 2026.

Capital recycling sets the tone

According to Unite Group on September 30, 2026, the 444-bed site was sold to an affiliate of Far East Orchard. The price represents a 3.00 percent discount to the June 2026 book value, and completion is expected in mid-October.

The disposal forms part of a larger program. Unite Group said disposals agreed or completed in 2026 totaled GBP 200.00 million at a weighted average NOI yield of 3.00 percent, while its 2026 disposal target remains GBP 300.00-400.00 million. The company also said the transaction leaves adjusted earnings guidance unchanged at GBp 41.50-43.00 per share for fiscal year 2026.

Jefferies keeps a Hold rating

MarketBeat reported on October 5, 2026 that Jefferies reaffirmed a Hold rating and a GBp 503.00 price objective for Unite Group. The article also lists five Buy ratings and three Hold ratings among the analysts it tracks, with an average target of GBp 613.75.

The next measurable operating checkpoint is close. In its September 17, 2026 reservations update, Unite Group said 95.00 percent of Unite beds were reserved for the 2026/27 academic year, matching 95.00 percent in 2025/26. It expects 0.50-1.00 percent like-for-like income growth and reiterated adjusted earnings guidance of GBp 41.50-43.00 for fiscal year 2026.

Stock remains below its yearly high

Unite Group stock was EUR 5.43 at Lang & Schwarz on October 5, 2026 at 4:40 p.m. CEST, up 0.93 percent versus the prior close of EUR 5.38 on October 2, 2026. On the LSE, the 52-week range was GBp 442.20 to GBp 727.50 as of October 5, 2026, while market capitalization stood at GBP 2.4 billion.

The further course of trading is shown by the continuously updated real-time quote of Unite Group stock.