Deutsche Numis is acting as joint bookrunner and joint broker to The Unite Group plc on its c.£450m capital raise
We have acted as joint bookrunner and joint broker to The Unite Group plc on its c.£450m capital raise.
The fundraise is the second largest in the real estate sector since 2020 and marks the 9th capital raise Deutsche Numis has completed for Unite since being appointed as corporate broker in 2009, over which time the company has grown to become a member of the FTSE 100.
The transaction follows the recent £350m rights issue by Great Portland Estates, cementing Deutsche Numis’ position at the forefront of the UK real estate sector. Deutsche Numis’ Building, Property and Real Estate team has now raised £2.8bn for listed UK real estate clients over the past five years.
Unite is the UK’s largest owner, manager and developer of purpose-built student accommodation, meeting the country’s demand for high-quality student housing, with a c.£9bn portfolio under management. As stated in the announcement, the proceeds from the transaction will be used to acquire income-producing assets, fund university partnerships and commit to several development opportunities, all of which will accelerate earnings growth.
We were delighted to support our long-standing client Unite with this £450m equity raise. The demand from investors and the tight pricing are testament to the strengths of the management team and the equity story. Heraclis Economides. Managing Director, Head of Building, Property & Real Estate, Deutsche Numis
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We have acted as joint bookrunner and joint broker to The Unite Group plc on its c.£450m capital raise.
The fundraise is the second largest in the real estate sector since 2020 and marks the 9th capital raise Deutsche Numis has completed for Unite since being appointed as corporate broker in 2009, over which time the company has grown to become a member of the FTSE 100.
The transaction follows the recent £350m rights issue by Great Portland Estates, cementing Deutsche Numis’ position at the forefront of the UK real estate sector. Deutsche Numis’ Building, Property and Real Estate team has now raised £2.8bn for listed UK real estate clients over the past five years.
Unite is the UK’s largest owner, manager and developer of purpose-built student accommodation, meeting the country’s demand for high-quality student housing, with a c.£9bn portfolio under management. As stated in the announcement, the proceeds from the transaction will be used to acquire income-producing assets, fund university partnerships and commit to several development opportunities, all of which will accelerate earnings growth.