14th March 2016
As part of its significant expansion the leading provider of luxury student accommodation in the UK, Collegiate AC, has announced the appointment of Paul Smith as Group Managing Director.
Paul's background is in senior roles up to board level in UK private banking, with 21 years at HSBC, where he rose to be a Managing Director at HSBC Private Bank UK. He then went on to spend four years as a Managing Director for Coutts Private Bank ahead of his appointment at Collegiate AC.
Collegiate AC CEO, Heriberto Cuanalo, explains the timing of the new appointment,
"The appointment of Paul Smith as our Group Managing Director is a strategic move to ensure we continue to exceed market expectations and maintain the superior quality of service that our clients require. After five years of exceptional growth and setting new standards in the student accommodation market, Collegiate is now working on a development pipeline of 20,000 prestige beds with select jointventure partners, such as Fusion Collegiate with Fusion Students, and also expanding into mainland Europe. To deliver this growth successfully we need a worldclass team.
"I am proud that Paul will be joining us at a time when we have really confirmed our strength in the market and distinction from our competitors. At Collegiate we always strive to deliver the very best for our residents and I am sure that Paul's unrivalled business experience will mean that he is not only a real asset to our team, but also a key strategic player in Collegiate AC's continued success."
Paul Smith, Collegiate AC's new Group Managing ￼Director says,
"I am delighted to be joining the team at Collegiate AC at such an exciting time. It is evident that there are many parallels to be drawn between the focus on client service in Private Banking and the approach that Collegiate have towards their clients and residents. I am looking forward to the challenge."
Already prevalent in many of the UK's top university cities, Collegiate is opening over ten new prestige residences this year alone. Increasing the offering in some of the cities that they previously had sites whilst adding brand new locations to their already ample portfolio in over 20 UK cities.
As part of the company's ethos to provide 'Student living. Just better', all properties provide Collegiate AC's signature blend of excellent facilities and stunning interiors, from on site gyms to private cinemas, luxury lounges to work rooms, private dining rooms to concierge services. Collegiate AC is also adding an array of new facilities to their offering, including VIP Bars and Sky Lounges as well as 24hour onsite concierge services.
Collegiate AC is now focused on developing larger scale prestige residences, of up to 900 beds each, in which the company can deliver their superior designs and amenities together with unrivalled levels of service and create a truly exceptional experience for tenants.
￼With demand for the company's particular style of student accommodation never higher, this latest business announcement will allow Collegiate AC to better facilitate their growth strategy throughout the UK in coming years.
Please contact Collegiate AC for more information about our services for Universities, Developers, Investors and Asset Owners on 01235 250 140.