Student accommodation provider UPP has filled 100 per cent of the rooms within its portfolio for the start of the academic year 2009-2010.
It is estimated that this 100 per cent rent roll will deliver a total rent income of £75 million for the company.
UPP designs, finances and operates residential and academic accommodation with various universities from across the UK.
UPP chief executive Sean O’Shea said: “Our unique model, which involves long-term partnerships with universities, was set up to provide a stable and attractive investment opportunity and our 100% occupancy rate and £75 million estimated rental income, for the new academic year, are testament to the success of this strategy.
“Achieving 100 per cent occupancy across our portfolio of almost 19,000 student rooms demonstrates that we provide the kind of high quality student accommodation that students want and universities need.”