Activist investor Saba reveals exposure in UK's Unite Group (updated)

Workspace

05/08/2026 13:00

Adds Unite's response in bullet 5
Aug 5 (Reuters) - Activist investor Saba Capital has built an over 5% exposure in Britain's largest student housing provider Unite Group UTG.L, a regulatory filing showed on Wednesday.
Here are some more details and context:
Boaz Weinstein's Saba Capital held 0.084% of voting rights through shares and 5.04% through financial instruments, taking its total interest in Unite Group to nearly 26.4 million voting rights as of July 31, the filing showed.
Saba will become Unite's fourth largest shareholder, according to LSEG data.
The disclosure comes as Saba pushes for changes at flexible office-space provider Workspace WKP.L, including to its board, as it raised its stake over the past few months to become its largest shareholder.
Unite Group, which reaffirmed its annual forecast in July, has been weighing the sale of its lower-yielding assets to sharpen focus on more resilient services as economic uncertainty and tighter visa rules weigh on enrolments.
Saba did not immediately respond to Reuters request for additional details, while Unite declined to comment.

 (Reporting by Neeshita Beura and Krisha Bhatt in Bengaluru; Editing by Shailesh Kuber)
 ((Neeshita.Beura@thomsonreuters.com))