Unite Group PLC Appointment of Non-Executive Directors (4685V)
24 July 2018 - 12:00AM
UK Regulatory
TIDMUTG
RNS Number : 4685V
Unite Group PLC
23 July 2018
23 July 2018
THE UNITE GROUP PLC
("Unite Students", "Unite", the "Group", or the "Company")
UNITE APPOINTS ILARIA DEL BEATO AND RICHARD AKERS AS
NON-EXECUTIVE DIRECTORS
The Unite Group plc, the UK's leading manager and developer of
student accommodation, today announces the appointment of two
Non-Executive Directors, Ilaria del Beato and Richard Akers.
Richard will join the Board on 1 September 2018 and Ilaria on 1
December 2018.
Ilaria is currently CEO of Frasers Property UK, part of Frasers
Property, a global real estate group. She was formerly CEO of GE
Capital UK, a regulated Bank and corporate lender and led GE
Capital Real Estate UK, a commercial real estate investor,
developer and lender. Ilaria brings 30 years of experience in real
estate, including asset management, investment and lending.
From 1995 to 2014 Richard worked at Land Securities plc, where
he had various positions including as an Executive Director on the
main board and Managing Director of Retail. Richard has over 30
years' experience in the real estate industry, with a focus on
retail. He is currently Senior Independent Director and Chair of
the Health & Safety and Remuneration Committees at Barratt
Developments Plc, a Non-Executive Director at Shaftesbury Plc and
an Advisory Board Member at Battersea Power Station Development
Company. Previously Richard was a Non-Executive Director at Emaar
Malls PJSC.
Phil White, Chairman of Unite, commented:
"This is an exciting time for our business and I'm delighted to
welcome both Ilaria and Richard to the Board as Non-Executive
Directors. Their appointment reflects our ongoing commitment to
utilising expertise from the best in the industry. Both bring with
them a wealth of real estate experience and broader knowledge. I
look forward to working with them as we take Unite forward into the
next stage in its development"
-Ends-
For further information, please contact:
Unite Students
Joe Lister, Chief Financial Officer Tel: +44 117 302 7053
Powerscourt (PR adviser to Unite)
Justin Griffiths or Mazar Masud Tel: +44 207 250 1446
Notes to editors:
About Unite Students
Unite Students is the UK's largest manager and developer of
purpose-built student accommodation serving the country's
world-leading higher education sector. We currently provide homes
for almost 50,000 students in more than 140 properties across 24
leading university towns and cities in England and Scotland. Unite
also has a strong development pipeline, which will deliver a
further 8,000 beds in the next three years.
Our 1,450 people are driven by a common purpose: to provide the
students who live with us a 'Home for Success' and to be the most
trusted brand in the sector. We do this through great service,
great people and great properties, all designed on the basis of an
unrivalled insight into students' needs and preferences.
Unite's accommodation is high quality, safe and secure, and
located close to university campuses, transport links and local
amenities. Students live predominantly in en-suite study bedrooms
with rents covering all bills, insurance, 24-hour security,
fortnightly cleaning services and high-speed Wi-Fi. MyUnite, our
mobile app, provides practical support such as instant messaging
and maintenance requests.
Our commitment to customer service is powered by an innovative,
in-house operating platform. It provides a wide range of benefits
to our students, such as an optimised online booking process, as
well as providing us with a unique ability to drive value from our
portfolio through scale efficiencies and revenue management.
Alongside delivering great service, our other strategic priority
is delivering growing and sustainable earnings, underpinned by a
strong capital structure. A key part of this strategy is growing
the number of beds let though partnerships with mid and high tariff
universities which are experiencing record levels of student
demand. We currently partner with 60 higher education institutions,
guaranteeing that approximately 60% of our rooms are let under
multi-year, 'nomination agreements' providing high visibility of
forward occupancy and rental growth.
Unite is invested in and operates two specialist funds and joint
ventures with institutional investment partners: the GBP2 billion
Unite UK Student Accommodation Fund (USAF), and the GBP1 billion
London Student Accommodation Vehicle (LSAV).
Unite is the founder of and major donor to the Unite Foundation,
a charitable trust established to support talented students facing
challenging financial circumstances through the provision of free
accommodation annual scholarships. The Foundation has so far
provided scholarships for 250 young people working in close
collaboration with 28 universities.
Founded in 1991 in Bristol, Unite Group is an award-winning Real
Estate Investment Trust (REIT), listed on the London Stock Exchange
and a member of the FTSE 250 Index.
For more information, please visit Unite's corporate website
www.unite-group.co.uk, the student site www.unite-students.com or
the Unite Foundation www.unitefoundation.co.uk.
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END
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