UNITE reinstates divi after solid 2011

UNITE Group, the student accommodation manager, has reinstated its dividend after a 'strong year' in 2011 in which it achieved 99 percent occupancy and an increase in net asset value (NAV).

UNITE Group, the student accommodation manager, has reinstated its dividend after a 'strong year' in 2011 in which it achieved 99 percent occupancy and an increase in net asset value (NAV).

"2011 was a strong year for UNITE. High occupancy across the portfolio, solid rental growth and effective cost management drove a step change in the profitability of our core business," said Chief Executive Mark Allan.

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