STUDENT PROPERTY CONNECTING PEOPLE & PROPERTY, PERFECTLY.

Transcription

1 STUDENT PROPERTY CONNECTING PEOPLE & PROPERTY, PERFECTLY.

2 KNIGHT FRANK, STUDENT PROPERTY 1 INVESTMENT IN HIGHER EDUCATION Knight Frank s Student Property team is able to provide sector specific advice focused on identifying, creating and optimising value for a broad range of stakeholders. We act for a wide spectrum of clients including universities, institutional investors, lenders, developers, private land owners and charities. Drawing on the Knight Frank global network, our team based in London provides property solutions for local, national and global projects. Our track record includes advising on the sales, valuations and development of key strategic urban regeneration sites, as well as operational and established student accommodation assets and portfolios. As the largest London based Student Property team, Knight Frank provides a full range of services including: Capital Markets Valuation Development consultancy Development funding solutions Financial modelling Sector research Estates strategy Expert witness Facilities management assessment Institutional requirement assessment Value engineering Building surveying James Pullan Head of Student Property

3 AGENCY KNIGHT FRANK, STUDENT PROPERTY 3 AGENCY. 01 THE QUILL, LONDON Client: Investream Students: 470 Activity: Knight Frank acted for the vendors in the sale of the land with benefit of planning permission for 470 bedrooms to Greystar. Value: Confidential March 2017

4 AGENCY KNIGHT FRANK, STUDENT PROPERTY 5 02 ORIENT HOUSE, LONDON 03 MARKET INCOME PORTFOLIO Client: Imperial College London Students: 184 Activity: Knight Frank acted for the vendors in the sale of the asset to UBS. Value: 31.5m February 2017 Client: Liberty Living Students: 1,519 Activity: Knight Frank acted for the vendors in the sale of the portfolio of six assets in Preston, Sheffield and Stoke. Value: 53.8m March 2017

5 AGENCY KNIGHT FRANK, STUDENT PROPERTY 7 04 ASTON STUDENT VILLAGE, BIRMINGHAM Client: Lloyds Bank Students: 3,067 Activity: Knight Frank acted for the vendors as joint agents to sell the largest single student accommodation asset ever transacted. Value: 227m February 2017

6 AGENCY KNIGHT FRANK, STUDENT PROPERTY 9 05 BRAEMAR PORTFOLIO 06 ST MUNGOS, GLASGOW Client: Braemar Estates (Residential) Limited Students: 519 Activity: Knight Frank acted for the vendors in the sale of the portfolio of assets in Bristol, Manchester and Newcastle to Centurion Corporation. Value: 20.1m June 2016 Client: Raphael Property Investment Co Ltd Students: 350 Activity: Knight Frank acted for the vendors in the sale of the development site to Watkin Jones Group. Value: 4.25m July 2016

7 AGENCY KNIGHT FRANK, STUDENT PROPERTY DASHWOOD AND LEODIS 08 GODIVA PLACE, COVENTRY Client: Rockspring Property Investment Managers LLP Students: 951 Activity: Knight Frank acted for the vendors in the sale of the two operational assets (Leeds and London) to Arlington Advisors Limited. Value: 85.5m August 2016 Client: Regents Godiva Students: 769 Activity: Knight Frank acted for the vendors in the sale of the forward fund, with a 30 year university lease, to Aviva. Value: 74.5m June 2016

8 AGENCY KNIGHT FRANK, STUDENT PROPERTY CHURCH STREET, DUBLIN Client: Mortar Developments Students: 217 Activity: Knight Frank acted for the vendors in the sale of the forward fund to Valeo. Value: 30m July 2016

9 AGENCY KNIGHT FRANK, STUDENT PROPERTY KENSINGTON HOUSE, BIRMINGHAM 11 OPTIMA, LOUGHBOROUGH Client: Birmingham Properties Group Students: 110 Activity: Knight Frank acted for vendor in disposal of the freehold asset. Value: 13.3m December 2016 Client: Aprirose Limited Students: 61 Activity: Knight Frank acted for the vendors in the sale of the asset subject to a 14 year lease to Atlas Land Ltd. Value: 5.95m May 2016

10 VALUATIONS KNIGHT FRANK, STUDENT PROPERTY 17 VALUATIONS. 12 CHAPTER PORTFOLIO, LONDON Client: PSP Investments Students: 3,955 Activity: Valuation of the Chapter Portfolio for PSP Investments. The portfolio comprises 3,955 student beds across assets located in Central London.

11 VALUATIONS KNIGHT FRANK, STUDENT PROPERTY BLACKROCK STUDENT HOUSING UNIT TRUST, UK 14 GCP STUDENT LIVING PLC, UK Client: Blackrock Student Housing Unit Trust, UK Students: 2,400 Activity: We provide quarterly valuations to the Fund on six operational properties located throughout the UK. Frequency: Quarterly Client: GCP Student Living Plc Students: 2,378 Activity: We provide quarterly valuations for the UK s first student accommodation Real Estate Investment Trust. Frequency: Quarterly

12 VALUATIONS KNIGHT FRANK, STUDENT PROPERTY LIBERTY LIVING PORTFOLIO, UK 16 IQ PORTFOLIO PROJECT VERO Client: CPPIB Students: 20,000 Activity: Biannual valuation of the Liberty Living Portfolio comprising 49 assets across the UK. Frequency: Biannual Client: Bank of America Merrill Lynch International Limited Students: 5,300 Activity: Valuation for BAML of 14 properties within the Greystar/Goldmans Portfolio.

13 VALUATIONS KNIGHT FRANK, STUDENT PROPERTY ATHENA PORTFOLIO, UK Client: Wells Fargo Bank Students: 11,000 Activity: Valuation for Wells Fargo Bank of 22 properties within the Greystar/Goldmans Porfolio.

14 VALUATIONS KNIGHT FRANK, STUDENT PROPERTY WESTMINSTER PLACE, LONDON 19 STUDENT CASTLE, BATH Client: LaSalle Investment Management Students: 1,143 Activity: Valuation of the Urbanest operational scheme in Westminster, including 1,143 student bed spaces and educational space. Client: HSBC Bank Plc Students: 183 Activity: Valuation of the Student Castle development in Bath. Once complete the scheme will provide 183 student bedrooms.

15 VALUATIONS KNIGHT FRANK, STUDENT PROPERTY BELGRADE PLAZA, COVENTRY MILL STREET, DUBLIN ULSTER BANK, DUBLIN CURLEW PORTFOLIO Client: HSBC Bank Plc Client: Bank of Ireland Client: Ulster Bank Client: RBS/Barclays Students: 597 Students: 296 Students: 572 Students: 1,006 Activity: Valuation of the Downing Activity: Valuation of the GSA development Activity: Valuation of the GSA Activity: Valuation of a portfolio of five Student development in Coventry. (Mill Street) in Dublin. Once complete the development (Brunswick Street) in Dublin. developments being forward funded by Curlew. Once complete the scheme will provide scheme will provide 296 student bedrooms. Once complete the scheme will provide 597 student bedrooms. 572 student bedrooms.

16 KNIGHT FRANK, STUDENT PROPERTY OUR PEOPLE GLOBAL FOOTPRINT The Knight Frank Student Property team is the foremost in the sector. We act for a broad range of clients who regard us as highly professional and well informed experts within the sector. Our development consultancy experience encompasses redesigning schemes, financial engineering, promoting new design concepts and supporting planning applications. Our specialist valuation team values more purpose built student accommodation than any other consultancy. We undertake a range of loan security and accounts valuation work for key lenders, operators and funds. Our team of agents are best-in-class in the sector with a track record that boasts transactions of trophy assets, operational portfolios, development sites and forward funds. James Pullan Partner, Head of Student Property T: E: james.pullan@knightfrank.com Toni Daniels Personal Assistant T: E: toni.daniels@knightfrank.com AGENCY Merelina Monk Partner T: E: merelina.monk@knightfrank.com Rachel Pengilley Partner T: E: rachel.pengilley@knightfrank.com Josh Woolley Senior Surveyor T: E: josh.woolley@knightfrank.com Rupert Strutt Surveyor T: E: rupert.strutt@knightfrank.com John Holley Surveyor T: E: john.holley@knightfrank.com VALUATIONS Neil Armstrong Partner T: E: neil.armstrong@knightfrank.com Jonathan Goode Partner T: E: jonathan.goode@knightfrank.com Anna Isworth Team Secretary T: E: anna.isworth@knightfrank.com James Woolley Associate T: E: james.woolley@knightfrank.com Sarah Jones Associate T: E: sarah.jones@knightfrank.com Catherine Purkiss Graduate T: E: catherine.purkiss@knightfrank.com Katy Howes Graduate T: E: katy.howes@knightfrank.com BUILDING CONSULTANCY & RESEARCH Knight Frank LLP 2017 This report is published for general information only and not to be relied upon in any way. Although high standards have been used in the preparation of the Merrick Rimmer Partner T: E: merrick.rimmer@knightfrank.com Matt Bowen Associate T: E: matthew.bowen@knightfrank.com Rupert Downes Analyst/Graduate T: E: rupert.downes@knightfrank.com information, analysis, views and projections presented in this report, no responsibility or liability whatsoever can be accepted by Knight Frank LLP for any loss or damage resultant from any use of, reliance on or reference to the contents of this document. As a general report, this material does not necessarily represent the view of Knight Frank LLP in relation to particular properties or projects. Reproduction of this report in whole or in part is not allowed without prior written approval of Knight Frank LLP to the form and content within which it appears. Knight Frank LLP is a limited liability partnership registered in England with registered number OC Our registered office is 55 Baker Street, London, W1U 8AN, where you may look at a list of members names.