Q: TO WHAT EXTENT, WILL THE ACQUISITION BENEFIT OUR UNIVERSITY PARTNERS? A: We have predominantly supported university partners to meet their accommodation guarantee to first-year students, via our nominations agreements, further freeing up homes in local communities for families to use. The benefit of the Empiric acquisition is that we’re now able to provide their students with a home that is tailored to their needs while studying in their second or third year. The pressure on the HMO market means there is also greater uncertainty surrounding the supply and availability of privately rented homes for students, so knowing there are viable alternatives is important for universities. Our proven track record in providing high-quality student housing and delivering expert welfare support, will give universities confidence that we support students throughout their academic journey. Q: WHAT IS THE STRATEGIC PRIORITY FOR THE BUSINESS OVER THE NEXT 12 MONTHS? A: We will continue to invest in new and existing student homes. Our focus next year is on delivering another university partnership to follow the joint ventures we have finalised with Newcastle University and Manchester Metropolitan University. We’ll also continue to align our portfolio with the strongest universities and the cities showing the greatest demand for student accommodation. Finally, through the acquisition of Empiric, we’ll be able to provide the dedicated offer for returning students, another fundamental part of our long-term growth strategy. The purchase of Empiric Student Property plc strengthens our presence in leading UK university cities, complementing our existing portfolio with high-spec properties aimed at returning (second- and third-year), postgraduate and international students. Key facts: • Geographical footprint: Properties are located across 22 UK university cities, including Edinburgh, Cardiff, Birmingham, Manchester and Bristol. • Bed numbers: 7,700. The acquisition strategic rationale was driven by quality and central locations, which complements our existing offer to first-year students. We anticipate it delivering c.£17 million in synergy savings post integration. Empiric acquisition THE UNITE GROUP PLC Annual Report and Accounts 2025 21