HS-Laisteridge-Student-Village-2017-02-07

"ent property
e of the most
sful real estate
lasses, forecast
nual returns
around 9%
"night Frank

53

FINANCIAL | INFORMATION

OUR MARKETS

STUDENT ACCOMMODATION MARKET Total Returns (Direct Let)

The UK student housing market is now viewed as a global hav- 12
en for international capital, with major investment from overseas
buyers with Greystar (a US multi-family and student housing op- 10
erator), Avenue Capital (New York Private Equity) and Campus
Living (an Australian operator) overbidding numerous UK opera- Annual Total Return (% year to Q3) 8
tors and investors to procure quality student accommodation.
6
The attraction has been the opportunity to reposition some
underinvested assets and enter the market at scale with scope 4
for further rental growth and the favourable commercial and
regulatory climate in the UK, compared to other jurisdictions. 2

Although it has taken portfolio opportunities to entice international in- 0 2011-2012 2012-2013 Source:
vestors, the increased number of buyers should mean an improved 2010-2011 Office Industrial CBRE, IPD
market for single assets and portfolios. Other Retail
Student Housing

All Property

FULL-TIME STUDENT NUMBERS Projected growth in international student enrolment in the UK

There has been steady year-on-year growth in student num- 800
bers, however 2012 saw the first dip in student numbers in 14
years – a result of changes to policy mechanisms, low rate Actual High Central estimate Low
deferrals in 2011 and cautious offering from Universities.
700
The disruptions was temporary however and UCAS data sug-
gests that nationally applications are back above 2010 levels, Thousands 600
with the system heavily oversubscribed.
500
The government has shown support for the Higher Education
sector too, with policy initiatives ensuring the UK captures 400
growing demand from International students by reforming the
visa system with no intention to impose any cap on the number 300
of students who can come to study in the UK.
200 2007
All students by region of HE provider 2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020

Source: HESA, BIS calculations 2013

North East
North West
Yorkshire and The Humber
East Midlands
West Midlands
East of England

London
South East
South West

Wales
Scotland
Northern Ireland

0 40,000 80,000 120,000 160,000 200,000 240,000 280,000 320,000 360,000 400,000

Source: HESA

Source: HESA, BIS calculations 2013

54

CBRE & industry experts show student accommodation outperforms
other asset classes by some margin, delivering total returns of 9%

STUDENTS HOUSING INVESTMENT ACTIVITY Investment activity

The student housing market sector continues to be attractive ■ First quarter ▲ No of beds (R HS)
to investors and has witnessed a surge of activity over the past
two years. There was £5 billion worth of standing stock and £3.5 50
development sites sold in 2012 and 2013, and in the first four
months of the year, there were transactions worth £950 million 45
equating to over 17,000 beds. £3.0

This is above the level seen in the same period of 2013, it is 40
well above previous years including 2012. With a further £1.4
billion worth of investments on the market we can expect to £2.5 35
see activity in the region of £2.5 billion by the year end. Value of traded stock/land (billion)
Number of beds (thousand)
30
£2.0

25
£1.5

20

£1.0 15

10
£0.5

5

£0 0
2010 2011 2012 2013 2014

SSoouurcrec: Sea:vSillas RveilslesarRchesearch (First 4 months)

INVESTMENT PERFORMANCE Blended investment yields

Despite increased activity, yields remained relatively static ■ Gilts (10 year) ■ UK Student Housing (Initial Yield)
in 2013, seeing some compression of blended average yields
in the sector in 2013, with average initial yields falling slightly ■ IPD All Property (Initial Yield) ■ UK Residential (Gross Yield on VP)
to 6.2% (6.3% previously). This reflects the increased competi-
tion for investments in prime London and super prime regional 10%
markets. Although activity in prime and secondary regional
markets increased by 80% last year, yields remained relatively 9%
static reflecting the riskier profile of student demand in
these markets. 8%

2014 saw an average forecast total return of 13.7%. This is 7%
comprised of average blended yields compressing to 6.0%
and rental growth of 3.5%. 6%

Yield 5%

4%

3%

2%

1%

0%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

SouSrcoe:uIPrDc&eS:aIvPillsDRe&seaSrchavills Research

STUDENTS & THE HOUSING CRISIS Term time accommodation

Hill & Standard identified locations across England and Wales ■ 2007-08 ■ 2012-13
where the provision of new purpose built student housing could
release 66,000 homes back into the market, and could play its Institutional halls Private sector
part in easing the housing crisis. This would involve increasing Private sector halls absorbing growth
the market share of purpose built student accommodation at Parental/guardian home
the expense of houses in multiple occupation (HMOs).
Own residence
Expanding this analysis to include Scotland we have identi-
fied an additional 11,000 homes that could be targeted. To Private rented sector
accommodate these students would require the development
of an additional 30,000 new student beds. This would equate to Other
doubling the size of the university and privately owned student
accommodation market in Scotland. Not in attendance at the institution

Not known

0 5 10 15 20 25 30 35 40

Full-time students (2007-08 total = 100) 55

Source: IPD & Savills Research

56





































LAISTERIGE FLOORPLANS

ALL SAINTS HALL - LEVEL 1

EN-SUITE
LSA01027

13,25 m2
EN-SUITE
LSA01028

12,93 m2
EN-SUITE
LSA01029

12,93 m2
EN-SUITE
LSA01030

12,93 m2

EN-SUITE
LSA01031

12,32 m2
EN-SUITE
LSA01032

12,93 m2
EN-SUITE
LSA01033

12,93 m2
EN-SUITE
LSA01034

13,25 m2

75

HILL & STANDARD

property management

EN-SUITE EN-SUITE EN-SUITE
LSA02064 LSA02066 LSA02048
12,32 m2 12,32 m2 15,72 m2
EN-SUITE
LSA02065 EN-SUITE
12,60 m2 LSA02047
12,93 m2
EN-SUITE
LSA02046
12,93 m2
EN-SUITE
LSA02067
13,25 m2

EN-SUITE EN-SUITE EN-SUITE
LSA02062 LSA02060 LSA02059
12,60 m2 13,25 m2 12,32 m2
EN-SUITE
EN-SUITE EN-SUITE LSA02058
LSA02063 LSA02061 12,93 m2
12,93 m2 12,32 m2 EN-SUITE
LSA02057
12,93 m2

76

LAISTERIGE FLOORPLANS

ALL SAINTS HALL - LEVEL 2

EN-SUITE
LSA02049

13,25 m2
EN-SUITE
LSA02050

12,93 m2
EN-SUITE
LSA02051

12,93 m2
EN-SUITE
LSA02052

12,93 m2

EN-SUITE
LSA02053

12,32 m2
EN-SUITE
LSA02054

12,93 m2
EN-SUITE
LSA02055

12,32 m2
EN-SUITE
LSA02056

13,25 m2

77

HILL & STANDARD

property management

EN-SUITE EN-SUITE EN-SUITE
LSA03086 LSA03088 LSA03070
12,32 m2 12,32 m2 15,72 m2
EN-SUITE
LSA03087 EN-SUITE
12,60 m2 LSA03069
12,93 m2
EN-SUITE
LSA03068
12,93 m2
EN-SUITE
LSA03089
13,25 m2

EN-SUITE EN-SUITE EN-SUITE
LSA03084 LSA03082 LSA03081
12,60 m2 13,25 m2 12,32 m2
EN-SUITE
EN-SUITE EN-SUITE LSA03080
LSA03085 LSA03083 12,93 m2
12,93 m2 12,32 m2 EN-SUITE
LSA03079
12,93 m2

78

LAISTERIGE FLOORPLANS

ALL SAINTS HALL - LEVEL 3

EN-SUITE
LSA03071

13,25 m2
EN-SUITE
LSA03072

12,93 m2
EN-SUITE
LSA03073

12,93 m2
EN-SUITE
LSA03074

12,93 m2

EN-SUITE
LSA03075

12,32 m2
EN-SUITE
LSA03076

12,93 m2
EN-SUITE
LSA03077

12,32 m2
EN-SUITE
LSA03078

13,25 m2

79

HILL & STANDARD

property management

 CHARLES MORRIS HALL

80

LAISTERIGE FLOORPLANS & INVENTORY

81

HILL & STANDARD

property management

Reference Number Block Symbol Unit type Floor Room Number Area [m2] Area [sqft] [GPB]

LSB00090 B Charles Morris Standard 00 090 23.25 250.21 £139.616.76
LSB00091 B Charles Morris Standard £67.000.00
LSB00092 B Charles Morris Standard 00 091 10.26 110.40 £67.000.00
LSB00093 B Charles Morris Standard £67.000.00
LSB00094 B Charles Morris Standard 00 092 9.94 106.99 £67.000.00
LSB00095 B Charles Morris Standard £67.000.00
LSB00096 B Charles Morris Standard 00 093 10.26 110.40 £67.000.00
LSB00097 B Charles Morris Standard £67.000.00
LSB00098 B Charles Morris Standard 00 094 9.94 106.99 £67.000.00
LSB00099 B Charles Morris Standard £67.000.00
LSB00100 B Charles Morris Standard 00 095 10.26 110.40 £67.000.00
LSB00101 B Charles Morris Standard £70.369.37
LSB00102 B Charles Morris Standard 00 096 9.94 106.99 £67.000.00
LSB00103 B Charles Morris Standard £67.000.00
LSB00104 B Charles Morris Standard 00 097 10.57 113.81 £67.000.00
LSB00105 B Charles Morris Standard £67.000.00
LSB00106 B Charles Morris Standard 00 098 9.94 106.99 £67.000.00
LSB00107 B Charles Morris Standard £67.000.00
LSB00108 B Charles Morris Standard 00 099 9.94 106.99 £67.000.00
LSB00109 B Charles Morris Standard £67.000.00
LSB00110 B Charles Morris Standard 00 100 10.26 110.40 £71.588.64
LSB00111 B Charles Morris Standard £67.000.00
00 101 11.72 126.11

00 102 9.76 105.10

00 103 10.08 108.45

00 104 10.08 108.45

00 105 9.76 105.10

00 106 9.94 106.99

00 107 10.26 110.40

00 108 10.26 110.40

00 109 9.94 106.99

00 110 11.92 128.30

00 111 10.26 110.40

LSB00112 B Charles Morris Standard 00 112 9.94 106.99 £67.000.00
LSB00113
LSB00114 B Charles Morris Standard 00 113 10.26 110.40 £67.000.00
LSB01115
B Charles Morris Standard 00 114 9.94 106.99 £67.000.00

B Charles Morris Standard 01 115 10.26 110.40 £67.000.00

82

LAISTERIGE FLOORPLANS

CHARLES MORRIS HALL

Reference Number Block Symbol Unit type Floor Room Number Area [m2] Area [sqft] [GPB]

LSB01116 B Charles Morris Standard 01 116 9.94 106.99 £67.000.00
LSB01117 £67.000.00
LSB01118 B Charles Morris Standard 01 117 9.94 106.99 £67.000.00
LSB01119 £71.588.64
LSB01120 B Charles Morris Standard 01 118 10.26 110.40 £67.000.00
LSB01121 £67.000.00
LSB01122 B Charles Morris Standard 01 119 11.92 128.30 £67.000.00
LSB01123 £67.000.00
LSB01124 B Charles Morris Standard 01 120 9.94 106.99 £67.000.00
LSB01125 £67.000.00
LSB01126 B Charles Morris Standard 01 121 10.26 110.40 £67.000.00
LSB01127 £67.000.00
LSB01128 B Charles Morris Standard 01 122 10.26 110.40 £70.369.37
LSB01129 £67.000.00
LSB01130 B Charles Morris Standard 01 123 9.94 106.99 £67.000.00
LSB01131 £67.000.00
LSB01132 B Charles Morris Standard 01 124 10.57 113.81 £67.000.00
LSB01133 £67.000.00
LSB01134 B Charles Morris Standard 01 125 9.94 106.99 £67.000.00
LSB01135 £67.000.00
LSB01136 B Charles Morris Standard 01 126 10.26 110.40 £67.000.00
LSB01137 £71.588.64
LSB01138 B Charles Morris Standard 01 127 10.26 110.40 £67.000.00
LSB01139 £67.000.00
LSB01140 B Charles Morris Standard 01 128 11.72 126.11 £67.000.00
LSB01141 £67.000.00
B Charles Morris Standard 01 129 9.76 105.10

B Charles Morris Standard 01 130 10.08 108.45

B Charles Morris Standard 01 131 10.08 108.45

B Charles Morris Standard 01 132 9.76 105.10

B Charles Morris Standard 01 133 9.94 106.99

B Charles Morris Standard 01 134 10.26 110.40

B Charles Morris Standard 01 135 10.26 110.40

B Charles Morris Standard 01 136 9.94 106.99

B Charles Morris Standard 01 137 11.92 128.30

B Charles Morris Standard 01 138 10.26 110.40

B Charles Morris Standard 01 139 9.94 106.99

B Charles Morris Standard 01 140 10.26 110.40

B Charles Morris Standard 01 141 9.94 106.99

83

HILL & STANDARD

property management

UTILITY
ROOM
20,2 m2

84

LAISTERIGE FLOORPLANS

CHARLES MORRIS HALL - LOWER GROUND

STORE
6,88 m2

STORE PLANT
23,2 m2 ROOM
23,2 m2

85

HILL & STANDARD

property management

STANDARD STANDARD STANDARD
LSB00094 LSB00095 LSB00096
9,94 m2 10,26 m2 9,94 m2

STANDARD STANDARD STANDARD
LSB00093 LSB00097 LSB00100
10,26 m2 10,57 m2 10,26 m2

STANDARD STANDARD
LSB00090 LSB00098
23,25 m2 9,94 m2 STANDARD
LSB00099
9,94 m2

STANDARD STANDARD
LSB00091 LSB00092
10,26 m2 9,94 m2
STANDARD
LSB00101
11,72 m2

STANDARD STANDARD STANDARD
LSB00102 LSB00103 LSB00104
9,76 m2 10,08 m2 10,08 m2

86

LAISTERIGE FLOORPLANS

CHARLES MORRIS HALL - GROUND FLOOR

STANDARD STANDARD STANDARD
LSB00114 LSB00113 LSB00112
9,94 m2 10,26 m2 9,94 m2

STANDARD
LSB00111
10,26 m2

STANDARD
LSB00110
11,92 m2

STANDARD
LSB00109
9,94 m2

STANDARD STANDARD STANDARD
LSB00106 LSB00107 LSB00108
9,94 m2 10,26 m2 10,26 m2

STANDARD
LSB00105
9,76 m2

87

HILL & STANDARD

property management

STANDARD STANDARD STANDARD
LSB01117 LSB01115 LSB01116
9,94 m2 10,26 m2 9,94 m2

STANDARD
LSB01118
10,26 m2
STANDARD
LSB01119
11,92 m2
STANDARD
LSB01120
9,94 m2

STANDARD STANDARD STANDARD
LSB01121 LSB01122 LSB01123
10,26 m2 10,26 m2 9,94 m2

STANDARD
LSB01128
11,72 m2

STANDARD
LSB01129
9,76 m2

88

LAISTERIGE FLOORPLANS

CHARLES MORRIS HALL - LEVEL 1

STANDARD STANDARD STANDARD
LSB01141 LSB01140 LSB01139
9,94 m2 10,26 m2 9,94 m2

STANDARD STANDARD STANDARD
LSB01124 LSB01127 LSB01138
10,57 m2 10,26 m2 10,26 m2

STANDARD STANDARD
LSB01125 LSB01137
9,94 m2 STANDARD 11,92 m2
LSB01126
10,26 m2 STANDARD
LSB01136
9,94 m2

STANDARD STANDARD STANDARD
LSB01133 LSB01134 LSB01135
9,94 m2 10,26 m2 10,26 m2

STANDARD STANDARD STANDARD
LSB01130 LSB01131 LSB01132
10,08 m2 10,08 m2 9,76 m2

89

HILL & STANDARD

property management

90

LAISTERIGE FLOORPLANS & INVENTORY

 DENNIS BELLAMY HALL

91

HILL & STANDARD

property management

Reference Number Block Symbol Unit type Floor Room Number Area [m2] Area [sqft] [GPB]

LSC00142 C En-suite 00 142 10.52 113.22 £67.000.00
LSC00143 C En-suite
LSC00144 C En-suite 00 143 11.08 119.24 £67.000.00
LSC00145 C En-suite
LSC00146 C En-suite 00 144 10.52 113.22 £67.000.00
LSC00147 C En-suite
LSC00148 C En-suite 00 145 10.52 113.22 £67.000.00
LSC00149 C En-suite
LSC00150 C En-suite 00 146 11.64 125.27 £69.898.47
LSC01151 C Standard
LSC01152 C Standard 00 147 10.52 113.22 £67.000.00
LSC01153 C Standard
LSC01154 C Standard 00 148 10.52 113.22 £67.000.00
LSC01155 C Standard
LSC01156 C Standard 00 149 10.52 113.22 £67.000.00
LSC01157 C Standard
LSC01158 C Standard 00 150 10.52 113.22 £67.000.00
LSC01159 C Standard
LSC01160 C Standard 01 151 10.97 118.08 £67.000.00
LSC01161 C Standard
LSC01162 C Standard 01 152 10.97 118.08 £67.000.00
LSC01163 C Standard
LSC01164 C Standard 01 153 10.52 113.22 £67.000.00
LSC01165 C Standard
LSC01166 C Standard 01 154 10.52 113.22 £67.000.00
LSC01167 C Standard
LSC01168 C Standard 01 155 10.52 113.22 £67.000.00
LSC01169 C Standard
01 156 10.52 113.22 £67.000.00

01 157 10.52 113.22 £67.000.00

01 158 10.52 113.22 £67.000.00

01 159 10.52 113.22 £67.000.00

01 160 10.52 113.22 £67.000.00

01 161 10.52 113.22 £67.000.00

01 162 10.52 113.22 £67.000.00

01 163 10.52 113.22 £67.000.00

01 164 10.52 113.22 £67.000.00

01 165 10.52 113.22 £67.000.00

01 166 10.52 113.22 £67.000.00

01 167 10.52 113.22 £67.000.00

01 168 13.11 141.15 £78.760.11

01 169 13.11 141.15 £78.760.11

92













LAISTERIGE FLOORPLANS

DENNIS BELLAMY HALL - GROUND FLOOR

EN-SUITE EN-SUITE EN-SUITE EN-SUITE EN-SUITE
LSC00146 LSC00145 LSC00144 LSC00143 LSC00142
11,64 m2 10,52 m2 10,52 m2 11,08 m2 10,52 m2

EN-SUITE EN-SUITE EN-SUITE EN-SUITE
LSC00150 LSC00149 LSC00148 LSC00147

10,52 m2 10,52 m2 10,52 m2 10,52 m2

99

HILL & STANDARD

property management

2 BED FLAT STANDARD STANDARD STANDARD STANDARD
LSC01170 LSC01169 LSC01168 LSC01167 LSC01166
70,28 m2 13,11 m2 13,11 m2 10,52 m2 10,52 m2

STANDARD STANDARD
LSC01151 LSC01152
10,97 m2 10,97 m2

100

LAISTERIGE FLOORPLANS

DENNIS BELLAMY HALL - LEVEL 1

STANDARD STANDARD STANDARD STANDARD STANDARD STANDARD STANDARD
LSC01165 LSC01164 LSC01163 LSC01162 LSC01161 LSC01160 LSC01159
10,52 m2 10,52 m2 10,52 m2 10,52 m2 10,52 m2 10,52 m2 10,52 m2

STANDARD STANDARD STANDARD STANDARD STANDARD STANDARD
LSC01153 LSC01154 LSC01155 LSC01156 LSC01157 LSC01158
10,52 m2 10,52 m2 10,52 m2 10,52 m2 10,52 m2 10,52 m2

101

HILL & STANDARD

property management

2 BED FLAT STANDARD STANDARD STANDARD STANDARD
LSC02190 LSC02189 LSC02188 LSC02187 LSC02186
70,28 m2 13,11 m2 13,11 m2 10,52 m2 10,52 m2

STANDARD STANDARD
LSC02171 LSC02172
10,52 m2 10,52 m2

102