UPP sees continued uni demand

University accommodation specialist UPP has suggested that the market will continue to boom in 2018, as it released its results for the year ended 31 August.

 The results for UPP Bond 1 Holdings reported continued strong occupancy rates of 99.9%, with an operating cashflow of £36.1m for 2015/16, up from £35.5m the previous year.

UPP chief executive Sean O'Shea welcomed the figures and suggested that the market will continue to see strong demand in the coming years, pointing to recent government figures showing that a record number of 18-year-olds are now applying to university.

“This trend is despite the predicted fall in the number of 18-20-year-olds as part of the wider birth rate and highlights a continued recognition by young people of the value of a university education,” he said.

“We believe that universities will continue to see the benefits of providing students with the best facilities, as well as those of doing so in bespoke, long-term partnerships with UPP.”

In May, UPP reached financial close on an accommodation project for the University of Hull.