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Unite downgrades value of its 40,000 student homes
Student accomodation developer the first resi property firm to issue downgrade in coronavirus pandemic
Unite has become the first developer to downgrade the value of its property portfolio because of the covid-19 pandemic.
The student accommodation provider said the value of its two portfolios of student housing, made up of nearly 40,000 bedrooms, fell by 2.2% and 1.5% in the first quarter of the year due to the impact of the coronavirus…
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