Unite Students launches rent discounts for latest pandemic lockdown

Unite Group PLC's Unite Students Ltd. introduced a rent discount for students after the U.K. Government's latest pandemic lockdown announcement.

Students will be able to apply for a 50% discount for four weeks and will also be provided with a four-week complimentary extension of their tenancy agreement at the end of the academic year.

The rental discount will be available to all students checked-in but not living in their accommodation between Jan. 18 and Feb. 14.

The rental discount and tenancy extension are expected to reduce the company's EPRA EPS by up to 2 pence, or £8 million in the aggregate, for the 2021 financial year.