Student Dormitory Rübenhügel

Transcription

1 Student Dormitory Rübenhügel Presented by Oliver Roth (859812) Florian Bettels (857838) Frank Südbeck (853303)

2 Agenda Student Dormitory Rübenhügel Jülich Idea & Motivation FOF Housing GmbH Market Analysis Rübenhügel Investment & Depriciation Labour & Running Costs Investment & Financing Computation of Cash Flows Conclusion

3 Idea & Motivation University of Applied Sciences Aachen s Campus Jülich located in Jülich ( inhabitants) Big part of the study programs of the Campus Jülich offered in English to attract international students Demand for student apartments exceeds offer especially international students have vast problems students have to move to surrounding cities Our solution: We establish a student dormitory where we turn our attention especially on the needs of international students!!!

4 FOF Student Housing GmbH Legal Form: Company with Limited Liability (GmbH) Owners: B. Sc. Florian Bettels B. Eng. Oliver Roth Dipl.-Ing. Frank Südbeck Location: Jülich (North Rhine-Westphalia, Germany) Invested Capital: Source of Capital Expenses B. Eng. Florian Bettels B. Eng. Oliver Roth Dipl.-Ing. Frank Südbeck

5 Market Analysis Clients o Fast growth of the Campus Jülich in the last few years and predicted for the future. Actual Situation: Semester Students in Jülich Share of international Students SS WS 11/ enormous demand of apartments - students are forced to look for housings in the neighbouring cities Linnich and Düren (bad connection ( Ruhrtal-Bahn )) - foreign students living in Jülich feel left alone and isolated need for integration into the German way of living - For foreign students it is quite difficult to find a place to live before they move to Germany, because of communication problems and lack of advertisement in English.

6 Market Analysis Competitors Two student domitories: Jülich (1979): students & Ph.D. candidates - rooms: 12 m2-16 pers. have to share kitchen & sanitory installations - monthly rent: 155 Solar-CampusJülich (1998): students - rooms: 15 m2 - communities of 3-6 pers. - monthly rent: 195

7 Market Analysis Competitors There are also quite a lot of private landlords who offer rooms of strongly varying quality and prices. - complete amount of rooms not exactly known - monthly rent between 200 and do not guarantee as good freetime activities as the dormitories - PROBLEM: most of the landlords are older people who do not speak English and some refuse to rent a flat to students from other countries

8 Rübenhügel Idea Providing modern, fully equipped single apartments Privacy and calmness for the students high collegiate efficiency Location of the dormitory close to the university Offers a lot of free time activities: Football and volleyball fields Library nearby Party room Maintenance supervisor and cleaning staff External administration & advertisment office is responsible for the multilingual recruitment of students

9 Rübenhügel Location At the road to Welldorf Next to University of Applied Sciences Advantages: Short ways to lecture halls, mensa, library 26 m 51,5 m Planned Student Housing Activities: beach volleyball field (Solar Campus) & Soccer field parking spaces (University)

10 Rübenhügel Building Precast building lower construction costs and time 147 rooms (21 rooms per floor, 7 floors) Elevator Party room in the basement 42,23m Nach oben 12,56m 5,28m

11 Rübenhügel Rooms 17,5 m2 per room Equipment: Kitchen: Refrigerator Working disc with sink & electrical 2-plate cooker Bathroom (no extra costs): Shower Lavatory Sink Bed 2 Cupboards Tabel & Chair

12 Rübenhügel Rooms Total Room Equipment: 566

13 Rübenhügel Time Schedule Task Planning Phase land acquisition preparation of building permission documents building permission Detail planning static calculation inquiry/order placement building company Construction Phase Excavation works Foundation works Structural works Parking area / pavements Windows/Outer doors Water installations Heating installation Electronic installations Elevator Plastering Floor covering Inner doors Furniture Operation Planning Acquisition of Maintenance supervisor Acquisition of Cleaning Staff Student recruitment Students Move in Responsibility FFO Architect Architect Architect structural designer FFO building company building company building company building company building company building company building company building company building company building company building company building company building company FFO FFO FFO week

14 Building Exterior Installations Engineering Purchase of Land Student Dormitory Rübenhügel Jülich Investment & Depriciation Description Investment Sum [ ] Depreciation Rate [year] Depreciation [ /year] Estate: 1340 m 2 to 120,- /m , Additional Expenses 5.000, Sum Purchase of Land , Expenditure / Planning , ,00 Licences , ,00 Sum of Engineering , ,00 Roads & Parking Lots: 305 m 2 to 240,- /m , ,00 Outside Lights 6.000, ,00 Total of Exterior Installations , ,00 Student Housing (Grading Work, Fondations, Cable for Power Installation, Water Tubes included) , ,60 (888 /m 2 x 7 floors x 539,5 m 2 /floor) Heating System , ,00 Safety Installations I (Fire Alarm, etc.) 5.000, ,00 Sum of Building , ,60

15 Extra Investments Vehicles Equipment Rooms Student Dormitory Rübenhügel Jülich Investment & Depriciation Description Investment Sum [ ] Depreciation Rate [year] Depreciation [ /year] Refrigerators: 147 to , ,00 Electric Stoves: 147 to , ,00 Work Disks with Kitchen Sinks: 147 to , ,00 2 Cupboards per Room: 147 to , ,00 Beds: 147 to , ,00 Tables: 147 to , ,00 Chairs: 147 to , ,20 Sum of Room Equipment , ,20 Tools Maintenance Supervisor 5.000, ,00 Equipment Cleaning Staff 800, ,00 Safety Installations II (Fire Extinguisher, etc.) 2.000, ,00 Sum of Extra Investments 7.800, ,00 Multifunctional Tractor (Mowing Gras, Shoveling Snow, Sweeping) 9.000, ,00 Sum of Vehicles 9.000, ,00

16 Sum of Investment & Depriciation Investment Goods Investment Expenditures Depreciation Rate Depreciation Costs per year Sum Purchase of Land % - Sum of Engineering % 9.500,00 Total of Exterior Installations % 3.960,00 Sum of Building % ,60 Sum of Room Equipment % 8.320,20 Sum of Extra Investments % 780,00 Vehicles % 1.800,00 Unexpected % - Circulating Capital % - Sum Investment: Total Depriciation Costs: ,80

17 Sum of Investment & Depriciation After 10 years there will be no need to replace the complete furniture (maintenance calculated as running cost). depriciation costs will decrease after 10 years

18 Labour & Running Costs Labour Costs Personal in Cost Center Number Personel Costs External Administration Department & Advertisement Maintenance Supervisor (20 hrs/week) Cleaning Staff (10 hrs/week) Total of Labour Costs Running Costs (included in Rent) Running Costs (included in Rent) Reparation Costs & Material for Maintenance Prognosticated Costs Insurances Total of Running Costs 6.000

19 Additional Running Costs Not included in the rent!!! Allocation of additional costs & services Easy handling (no individual energy & water meters) Running Costs (Allocation) Units Cost Factor Energy / Water Demand Annual Costs per Room Total annual Costs Heating (Gas-Boiler) ,0626 /kwh 40 W/m2 219, ,40 Electrical Energy Rooms ,2225 /kwh 1000 kwh/(room*a) 222, ,00 Electrical Energy (Floors) 4 1 0,2225 /kwh 3504 kwh/a - 779,64 Fresh Water ,50 /L 80 L/(room*day) 43, ,20 Waste Water ,77 /L 80 L/(room*day) 110, ,10 Unexpected ,00 /a ,00 Internet ,00 /a ,00 TV-Fees 1 0,00 /a Household Waste ,56 /a ,68 Yellow Bin 4 0,00 /a Waste Paper 2 0,00 /a Biowaste ,00 /a ,00 Total of Running Costs (Allocation) ,02 Monthly Allocation per Room 53,41

20 Costs per Room 1. Year 2. Year 3. Year 4. Year 5. Year 6. Year 7. Year 8. Year 9. Year 10. Year Utilization of Capacity 80% 98% 98% 98% 98% 98% 98% 98% 98% 98% Quantity in Rooms Costs Costs per Year Costs per Year Costs per Year Costs per Year Costs per Year Costs per Year Costs per Year Costs per Year Costs per Year Costs per Year Depriciation Costs , , , , , , , , , ,80 Financing Costs , , , , , , , , , ,93 Labour Costs , , , , , , , , , ,00 Running Costs 6.000, , , , , , , , , ,00 Sum of Costs , , , , , , , , , ,73 Annual Costs per Room 3.009, , , , , , , , , ,96 Monthly Costs per Room 250,77 200,51 196,31 192,11 187,91 183,71 179,51 175,31 171,11 166, Year 12. Year 13. Year 14. Year 15. Year 16. Year 17. Year 18. Year 19. Year 20. Year Utilization of Capacity 98% 98% 98% 98% 98% 98% 98% 98% 98% 98% Quantity in Rooms Costs Costs per Year Costs per Year Costs per Year Costs per Year Costs per Year Costs per Year Costs per Year Costs per Year Costs per Year Costs per Year Depriciation Costs , , , , , , , , , ,60 Financing Costs Labour Costs , , , , , , , , , ,00 Running Costs 6.000, , , , , , , , , ,00 Sum of Costs , , , , , , , , , ,60 Annual Costs per Room 1.828, , , , , , , , , ,87 Monthly Costs per Room 152,41 152,41 152,41 152,41 152,41 152,41 152,41 152,41 152,41 152,41

21 Investment & Financing Share of Total Investment Source of Capital Expenses 100% Total Investment Herr Florian Bettels Herr Oliver Roth Herr Frank Südbeck % Capital of FOF Housing GmbH % External Capital Funds % Outside Financing If you invest in our idea, we are able to recieve a construction credit of 2,074 Mio.

22 Investment & Financing Construction credit: o Running Time: 10 years o Interest Rate: 3,5 % Year Balance of Dept Interest Rate Interest Cost per year Repayment Loan per year 1. year ,00 3,5% , ,70 2. year ,30 3,5% , ,70 3. year ,60 3,5% , ,70 4. year ,90 3,5% , ,70 5. year ,20 3,5% , ,70 6. year ,50 3,5% , ,70 7. year ,80 3,5% , ,70 8. year ,10 3,5% , ,70 9. year ,40 3,5% , , year ,70 3,5% 7.259, ,70 Total Interest paid: ,40 Total Repayment: ,00

23 Investment & Financing Construction credit:

24 Computation of Cash Flow To adjust the rent to the inflation and to increase YOUR PROFIT, an annual price increase of 2 % is considered. 1. Year 2. Year 3. Year 4. Year 5. Year 6. Year 7. Year 8. Year 9. Year 10. Year Rent per Room/Month 220,00 224,40 228,89 233,47 238,14 242,90 247,76 252,71 257,77 262,92 Occupied Rooms Turnover / Revenue Depriciation Costs Labour costs Financing Costs Loss carried forward Profit before Tax Taxes (40 %) Profit after Taxes Cash Flow (net Profit + Depriciation) Repayment Credit Dividend Interest made on Equity -2,3% 0,9% 1,3% 1,8% 2,2% 2,6% 3,1% 3,6% 4,0% 4,5% Cash Flow

25 Computation of Cash Flow 11. Year 12. Year 13. Year 14. Year 15. Year 16. Year 17. Year 18. Year 19. Year 20. Year Rent per Room/Month 268,18 273,54 279,01 284,59 290,29 296,09 302,01 308,05 314,21 320,50 Occupied Rooms Turnover / Revenue Depriciation Costs Labour costs Financing Costs Loss carried forward Profit before Tax Taxes (40 %) Profit after Taxes Cash Flow (net Profit + Depriciation) Repayment Credit Dividend Total Dividend after 20 Years: Interest made on Equity 14,6% 14,9% 15,2% 15,4% 15,7% 16,0% 16,3% 16,6% 16,9% 17,2% Total Interest after 20 Years: 180,5% Mean annual Interest: 9,0% Return of Investment

26 Computation of Cash Flows

27 Conclusion Dividend - up to 17,2 % - average: 9,0 % Break even point after 15 years

28 Conclusion very fast expanding University of Applied Sciences Campus Jülich & Research Center Jülich lack of cheap student appartments in Jülich students already have to move to Düren or Linnich huge demand for a new student dormitory For an investment in our student dormitory Rübenhügel in Jülich, you will recieve a mean interest rate of 9 %, which means that after 20 years your investment will almost be doubled.

29 Thank you for your Interest!