UK’s biggest student housing provider hit by fall in international enrolment

Unite Group cuts rents at some universities and raises cash by selling London site to joint venture for £186mBusiness live – latest updatesA drop in international students coming to the UK has hit the student housing provider Unite Group, which lowered its profit outlook for the third time in four months as weaker demand prompted it to cut rents in some cities.Shares in the FTSE 250-listed company – which says it is the UK’s biggest student housing provider – fell almost 10% to the lowest level since early 2015. It said it would not build any more student housing, after the completion of its first build-to-rent project in Stratford with 719 beds, expected in June. Continue reading...