29th February 2016
The Savills World Student Housing Spotlight report published in October 2015 has formally confirmed what those in the sector have seen coming for some time – student accommodation has gone mainstream.
According to the Savills report,
“Record levels of institutional investor activity are testament to its global potential as a mainstream real estate asset and we now anticipate that it will become increasingly well-established in a variety of countries.”
As an early innovator in the sector, Collegiate AC is proud to have played a part in bringing student accommodation into the spotlight and opening it up to investors around the globe. The company has passionately pursued its goal of delivering high quality housing and driving up standards in student housing and it is gratifying now to see the results of its efforts.
Figures from the World Student Housing report show that the UK student accommodation sector is now bigger than that in the US in terms of the investment it has attracted. In total, the first three quarters of 2015 have seen more than $6.5 billion of investment in the UK’s student accommodation.
Collegiate AC CEO Eri Cuanalo comments,
“We’ve been delighted to be one of the pioneers of the UK’s student accommodation sector in recent years. Seeing the sector flourish and turn into a mainstream real estate asset is testament to the hard work that organisations such as Collegiate AC have put into creating a new face for student accommodation in the UK.”
Collegiate AC’s student accommodation offering has expanded rapidly and the company now offers apartments in 27 buildings in 12 UK cities. Schemes in a further seven cities are already being planned, ready for launches in September 2016 and September 2017. As the Savills report states, “The opportunities for the pioneers in this sector to expand have never been greater.”
While many new entrants to the market will no doubt rush to be a part of the student accommodation sector in the UK, or in mainland Europe, which is tipped to be the next major growth area which Collegiate is already exploring, investors should be sure to seek out companies with a track record in knowing what students want and being able to deliver that.
The student accommodation real estate market is here to stay. The Savills report is already speaking positively about the US and UK housing models being rolled out to other countries over the coming decade. Collegiate AC looks forward to continuing its key role as a successful innovator in this exciting, long-term future.
For more information on contemporary student accommodation across the UK, visit services.collegiate-ac.com or contact Collegiate AC on 01235 250 140.