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June 27, 2019

Big Beasts See Student Housing As Defensive And Developing
The Sustainability Agenda: Grosvenor Britain & Ireland Senior Sustainability Manager Emily Hamilton Discusses Investing Into Tomorrow's Places At Bisnow's Office, Leasing & Development Conference 26 Sept.

UK student housing has had a helluva run. As recently as five years ago you could buy prime student accommodation assets for yields of 6% to 7%. Today that is 4% in London and 4.75% for the best assets outside the capital.

Yields fell by about 50 basis points in 2018, according to Cushman & Wakefield. That price rise won’t go on forever. But the big global beasts driving the sector are still keen to invest, attracted by the defensive characteristics of the sector, the opportunities for development, and the way that the sector is evolving.

Big Beasts See Student Housing As Defensive And Developing

“There are a lot of macro backwinds: There is still a strong supply-demand imbalance, particularly in larger cities like London and Manchester,” Greystar Managing Director of European Investment Troy Tomasik said.He said that while capital values in the UK would not rise as fast…

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