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Unite To Increase Dividends As Properties Break £2Bn Barrier

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http://www.telegraph.co.uk/finance/markets/questor/12093758/Questor-share-tip-Unite-to-increase-dividends-as-properties-break-2bn-barrier.html

Student property provider Unite [LON:UTG] is enjoying strong growth in the value of its portfolio. With dividend income set to sharply rise, the shares remain a good long-term holding.

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Asset backed

Unite started life by converting inner-city offices into student accommodation. Two of its biggest investments are in the Unite Student Accomodation Fund (USAF), which owns 26,800 beds across 75 properties located in UK university towns, and the London Student Accomodation Joint Venture (LSAV) which provides 4,600 beds across 12 properties in London and three in Edinburgh.

Unite’s development pipeline should deliver a further 5,700 additional beds during the next three years, and the company has agreements in place with some universities that secure inflation linked annual rental increases.

Ramping up the cost for students, well it's guaranteed income.... providing the students keep coming.

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Ramping up the cost for students, well it's guaranteed income.... providing the students keep coming.

Inflation linking isn't exactly ramping.

I don't know if Unite offer decent quality and service (though I expect we'd know all about it if something was seriously wrong). But in general, it looks like the acceptable face of landlording: providing accommodation that's new rather than competing with general buyers, and meeting the needs of a specific sector.

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