UK student accommodation provider, the Unite Group, has said that the estimated net asset value of its UK Student Accommodation Fund rose to £1.020 ( EUR 1.36) at 31 December 2007. Compared to the value at 31 December 2006 of £0.945 (EUR 1.26) per unit, this represents an increase of 8% for the full year. The fund, which is invested solely in direct let student accommodation, was launched on 15 December 2006 and Unite acts as its manager and retains a co-investment stake.
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