Student Roost roundtable: PBSA on course for UK growth
Student Roost and Property Week assembled a panel of experts to discuss the key issues, challenges and growth opportunities for purpose-built student accommodation in the UK …
News Articles
Quarterly Valuation Update: The Unite Group plc
Unite Students, the UK’s leading owner, manager and developer of student accommodation, announces the quarterly property valuation of the Unite UK Student Accommodation Fund (‘USAF’) and the London Student Accommodation Joint Venture (‘LSAV’) as at 31 December 2019.
At 31 December 2019, USAF’s property portfolio was independently valued at £2,850 million, representing a like-for-like increase of 0.8% during the quarter and 3.1% for the year. The portfolio comprises 30,209 beds in 79 properties across 22 University towns and cities in the UK.
LSAV’s investment portfolio was independently valued at £1,335 million, up 2.7% in the quarter on a like-for-like basis and 7.4% for the year. LSAV’s investment portfolio comprises 8,354 beds across 12 properties in London and Aston Student Village in Birmingham …
L&G forward funds Surrey student accommodation block
Legal & General is to fund a new £23m student accommodation building in Farnham, Surrey, on behalf of its Limited Price Inflation Fund …
L&G forward funds Surrey student accommodation block
Legal & General is to fund a new £23m student accommodation building in Farnham, Surrey, on behalf of its Limited Price Inflation Fund.
The 252-bed block has been pre-let to the University for the Creative Arts (UCA) and will be built on its Farnham campus.
The lease is for 35 years and covers full repair and insurance once the building has been completed. UCA will carry out the development, which it anticipates completing in summer 2021.
“The quality and affordability of accommodation can represent a large factor for students when deciding where they want to go to University,” said Derek Gilby, senior fund manager of the LPI Income Property Fund.
“We believe that quality facilities that are affordable for students can help to provide a quality education. This is an excellent buy for the Fund, offering a secure long term income stream which provides a hedge to inflation from a good University.”
Avison Young acted for L&G and UCA was represented by JLL.
Demographic Shifts: The World in 2030
We are entering a decade of seismic demographic change.
The retirement of 693 million Baby Boomers and the debut of 1.3 billion Generation Z workers entering the labor force over the next ten years has major implications for real estate occupiers, investors and policy-makers around the world.
Cushman & Wakefield’s Demographics Report extends a global viewpoint and takes the perspectives of both occupiers and investors to identify opportunities and challenges that will be encountered by 2030, and analyzes four key issues.
- The aging of Baby Boomers
- The progression of Millennials
- The difference between Generation Z and Millennials
- The impacts on the world’s cities …
Beaufort completes facility with Danehurst for 166-bed student accommodation project in Egham
Beaufort is delighted to announce the completion of a facility to Danehurst Developments, a specialist developer of purposebuilt student accommodation, for a development project in Egham, Surrey for students attending Royal Holloway, University of London.
The GDV is forecast to be in excess of £30m and will be delivered by HG Construction. The facility was completed in twelve working days in December …
Drop-out rates rise at two-thirds of universities, new analysis reveals
Student drop-out rates have risen at two-thirds of UK universities and colleges since 2011/12, a new study has found.
The analysis from the Press Association revealed that, from 2011/12 to 2016/17, 100 higher education institutions recorded a rise in the proportion of students dropping out after their first year of study.
It found that the drop-out rates fell at 31% of institutions and remained unchanged at just four universities and colleges …
Homes for Students creates new roles to accommodate portfolio growth
Homes for Students has appointed two new regional asset managers to oversee its UK student accommodation portfolio …
Knight Frank: Majority of students satisfied with their PBSA
The majority (78%) of students living in purpose-built student accommodation (PBSA) are satisfied with their accommodation, the UK Student Accommodation Survey has found.
The survey from Knight Frank and UCAS showed 75% of students living in private PBSA would recommend their accommodation to new students, up from 69% last year.
However, the most commonly cited reason for dissatisfaction among students living in privately operated PBSA related to it not being value for money …
Audley expands outside UK with Denmark JV
Audley Group, a UK based provider of luxury retirement villages, has inked it’s first deal outside of the UK, signing a new joint venture agreement with Danish pension company PFA …