Unite Group sells GBP 60 million site. Unite Group stock sits 36.75 percent below its high
Published on 10/02/2026 at 14:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Unite Group announced on September 30, 2026, the sale of its 444-bed King's Place development site to an affiliate of Far East Orchard for GBP 60 million, according to Investegate. The transaction is priced at a 3.00 percent discount to the site's June 2026 book value and is expected to complete in mid-October.
Disposals reach GBP 200 million
The King's Place transaction brings Unite Group's agreed or completed disposals in 2026 to GBP 200 million at a weighted average NOI yield of 3.00 percent. The company remains on track for GBP 300 million to GBP 400 million of disposals in 2026, with the sale supporting its strategy of reducing exposure to development land and other non-student assets.
The disposal was incorporated into adjusted earnings guidance of GBp 41.50 to GBp 43.00 per share for fiscal 2026. The guidance was unchanged, so the transaction adds capital recycling to the investment case without changing the stated earnings outlook.
Reservations support the outlook
Unite Group's investor-relations page reports that its interim results for the six months ended June 30, 2026 showed 89.00 percent of Unite Students beds and 77.00 percent of Hello Student beds reserved for the 2026/27 academic year. The company expects 94.00 percent to 96.00 percent occupancy across Unite Students and at least 88.00 percent to 90.00 percent at Hello Student, alongside 0.00 percent to 2.00 percent like-for-like income growth.
That operating picture contrasts with the valuation pressure described in the disposal announcement. The shares were last at GBp 461.40 on the London Stock Exchange on October 2, 2026 at 12:50 p.m. BST, against a GBp 442.20 to GBp 729.50 52-week range. The primary-market price therefore stood 36.75 percent below the 52-week high.
Analyst consensus stays constructive
MarketBeat reported on October 2, 2026, that eight analysts held a Moderate Buy consensus, with five buy ratings and three holds. The average 12-month target was GBp 613.75, while recent recommendations included Berenberg's GBp 668 target and Deutsche Bank's GBp 640 target.
For investors, the central tension is clear: reservations and disposal proceeds support execution, while the gap to the 52-week high reflects the market's lower valuation of the property portfolio. At Lang & Schwarz, the euro quote was EUR 5.48 on October 2, 2026 at 1:47 p.m. CEST, unchanged from the EUR 5.48 prior close on October 1, 2026.
The further course of trading is shown by the continuously updated real-time quote of Unite Group stock.
Unite Group stock at a glance
- Company: Unite Group Plc
- ISIN: GB0006928617
- Ticker: UTG
- Primary exchange: London Stock Exchange
- Price Lang & Schwarz (as of October 2, 2026, 1:47 p.m. CEST): EUR 5.48
- Change versus prior close: plus 0.00 percent
- Prior close Lang & Schwarz (October 1, 2026): EUR 5.48
- Market capitalization: GBP 2.4 billion (as of October 2, 2026)
- 52-week range: GBp 442.20-GBp 729.50 (as of October 2, 2026)
- Sector / Industry: Real Estate / REIT - Diversified
- Index membership: FTSE 250
