Thursday, October 19, 2017

UK student property sector woos Gulf investors

Select Property Group, a premium British property developer, retailer and operator is offering GCC investors the last chance to invest in its award-winning purpose-built student accommodation (PBSA) portfolio, Vita Student.

A revolutionary brand concept, Vita Student was launched in 2012 to meet the growing demand from local and international students who desired to study in the UK but were deterred by the common range of poor quality property options.

Developed in prime city centre locations, its superior quality properties boast the very best facilities, not only creating continued student demand, but also fostering investor confidence which is underpinned by strong rental premiums and significant return on investment (ROI), said a report by Select Property Group.

Boasting 99 per cent occupancy rates across its £452 million ($123 million) portfolio, Vita Student has waiting lists of students that want to live in these properties. Because of its consistently high occupancy levels, it can assure attractive yields to investors and has previously sold out fast to its portfolio of retail investors, it stated.

Extremely popular with the GCC market, a third of Vita Student properties have been sold to investors across the region to date. Now, with the business evolving to a build to hold strategy, Vita Student Portswood is likely to be the last chance for investors to buy into the famed brand.

"Across the UK, the PBSA market continues to be one of the most attractive asset classes in real estate for investors in the GCC and globally, assuring 50 per cent higher yields versus residential property," remarked Adam Price, the managing director of Select Property Group.

"Our Vita Student product has been particularly attractive to those looking to invest in a hassle-free, fully managed model, which benefits from increased returns year-on-year," he noted.

According to Knight Frank, the UK’s student property sector is currently valued at £45.8 billion, with property outside England’s capital having a vast impact on that figure.

"Properties in cities with high demand and low supply provide the highest yields and the potential of strong long-term capital growth, yet, when considering real estate investment opportunities in the UK, GCC investors typically overlook cities outside London," explained Price.

"As a result, locations such as Southampton are often unnoticed in the first instance, despite the incredibly attractive product and returns on offer," he said.

With 3701 beds occupied across the Vita Student portfolio to date, only 60 properties remain available to buy at Select Property Group’s Portswood development in Southampton, England, with 374 properties already sold since its launch earlier this year.

The group's 700-sq-m community facilities include private study rooms, tiered DJ booth, amphitheater-style cinema room and an integrated restaurant. Prices range from £135,000 - £216,000 and ensure 6.5 per cent net minimum rental return for five years.

"As the UK university term starts again, many people living in the GCC will have settled their children in to their accommodation, or be planning to in the coming years. With the student property sector showing no signs of slowing down, investing in a prime university city now could be your most intelligent move yet," he added.-TradeArabia News Service

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