The Unite Group was founded by Nicholas Porter in Bristol in 1991. Aged 21 and following research with the University of the West of England, he recognised a growing demand for student accommodation. After a period of expansion within Bristol, in 1998 Unite opened its first properties in London. It listed on the Alternative Investment Market the following year. In 2000 the business moved its share register to the London Stock Exchange, and opened properties in Manchester, Liverpool and Portsmouth. During the following decade, Unite created investment vehicles to secure growth in London, across England and into Scotland. Of these vehicles, The Unite UK Student Accommodation Fund is Europe's largest fund focusing solely on direct-let student accommodation. In 2006, Porter announced he was stepping down as chief executive. He was succeeded at the end of the year by chief financial officerMark Allan. Former National Express chief executive Phil White became non-executive chairman in May 2009, succeeding Geoffrey Maddrell, after ten years in the role. By 2011 the business had grown to 40,000 beds. It remains the UK's largest provider of student accommodation by capacity, but second to IQ Student Accommodation by value of its portfolio of property. In 2012 it founded charitable trust The Unite Foundation, which provides free accommodation and a cost-of-living allowance to students from "challenging circumstances". In April 2014 Unite renamed itself "Unite Students". Simultaneously, it launched its "Home for Success" corporate philosophy; which it describes as its "business purpose". The Home for Success announcement included a £40m reinvestment of profits into the business and 16 "signature commitments", all of which relate to an improved student experience. Unite Group converted to a real estate investment trust with effect from 1 January 2017. In December 2019, Unite Students completed its acquisition of competing student housing provider Liberty Living. The deal, worth £1.4 billion, was approved by the Competition and Markets Authority the previous month.
Operations
The company provides residential accommodation to around 50,000 students in circa 140 buildings across the UK, and is the largest and oldest PBSA provider in the country.
