Unite Group expects to see around 16-20% reduction in income for this academic year marked by the coronavirus crisis, as it plans to forgo rent on 43,000-46,000 beds for the summer semester due to the closure of universities and students giving up their accommodation.
Unite Group expects income reduction of up to 20% as students cancel for summer term
Cuts in management wages, together development and non-essential operational capex deferrals, will retain an extra £95-105m in the business in 2020
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