Ellis and Shah wind up company following failed flotation of student housing REIT.
Founded by Richard Ellis and Bindesh Shah in 2006, Amiri Capital specialised in Sharia-compliant finance and investment. The firm invested £1.5bn in UK real estate before attempting to raise more than £100m for a student accommodation REIT at the end of 2016 …
Unite Group has seen down a shareholder revolt looking to curtail its ability to issue new shares at its AGM.
A third of shareholders – 33.76% – voted against the resolution which authorises the company to issue new shares …
Centurion Corporation has established its second private fund which will focus on acquiring and managing purpose built student accommodation (PBSA) across the world.
The Singapore-listed accommodation provider has launched the Centurion Student Accommodation Fund which will target global ‘education hubs’ such as the UK and Europe but excluding the US …
Legal & General has agreed to fund the development of new high-quality student accommodation block to a top Scottish university.
Lincam Pentland Ltd, a subsidiary of Edinburgh housebuilder S1 Developments Limited, has completed the sale of the proposed new 315 room (359 bed) student residence, formerly known as Pentland House, on a forward funding basis for a purchase price of around £35 million.
The property will be leased to the University on a new 20-year full repairing and insuring lease on completion of the development, which is scheduled for September 2020 …
Demand for student accommodation is obviously a function of how many students attend university. But does the number of university applications tell us anything about the performance of student accommodation investments? …
Student digs developer Urbanest has agreed a £125m loan with M&G Investments to finance a mixed-use development scheme in the City of London …
It’s been an exciting year at Unite Students – NCUB member and the UK’s largest manager and developer of purpose-built student accommodation.
In our mission to find new ways to fulfil our purpose – to provide the 50,000 students who live with us with a meaningful ‘Home for Success’ – we have been working on an innovation that will help our customers to get the most from their time at university, while improving their career prospects beyond their studies …
The value of P3s in higher education more than doubled in recent years, according to an EY report.
Greystar Real Estate Partners LLC’s recent acquisition of student housing REIT EdR gives it a bigger foothold in the expanding market for public-private partnerships (P3s) and could step up P3 competition with student housing REIT American Campus Communities Inc.
When the Greystar-EdR deal closed in September, Greystar’s founder, chairman and CEO Bob Faith said the $4.6 billion acquisition “advances our long-term strategy to grow our global student housing footprint.” He later noted that EdR’s presence in the P3 sector was a compelling element of the acquisition …
TigerLime had a fascinating trip to Baku to view the current university accommodation (BSU & ASOIU) and discuss with the them their future needs. We also had the opportunities to discuss the proposed PPP framework with the Ministries of Education, Economy and Small Businesses.
Less than half of the tuition fee paid by students in England can be spent on the cost of teaching, says research from a university think tank.
The Higher Education Policy Institute says the rest is spent on buildings, IT and libraries, administration, or welfare such as mental health support.
It comes as a review is scrutinising the cost of student fees and loans …
“As well as an Operational Review of the future asset, TigerLime provided an invaluable service with excellent knowledge of the student housing sector and all work was completed on time with a great attention to detail.”
Adam Keats (Director) Canfield Freehold Ltd
