Finance

Unite expects to take hit of up to £125m from health crisis

By 2020-04-22T07:30:00

Unite Students accommodation at Grand Central in Liverpool

Unite Students is set to miss out on up to 65% of rental income during the summer semester after giving rent holidays to students who left their rooms to return to their families during the Covid-19 health crisis.

In its latest update on the impact of the pandemic, the group said: “We have contacted students to see if they wish to leave their accommodation for the summer semester of 2019/20. Based on cancellation requests received to date, we expect to forgo rent on around 43,000-46,000 beds representing around 62-65% of all owned and managed beds.”

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