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April 30, 2020

Why Student Housing Is Relaxed About Pandemic Shutdowns, But Universities Are Mad With Anxiety
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Britain’s universities face an immediate £790M shortfall, and have asked for a £2B government bailout. They fear a massive decline in overseas student numbers will push them into insolvency.

Yet student housing developers and operators seem relaxed about the loss of £386M in rent (so far), and a large segment of their potential tenants for the next academic year.

Are the universities right, and the student housing sector wrong? Can the UK student housing sector survive, or is it whistling to keep its spirits up?

Why Student Housing Is Relaxed About Pandemic Shutdowns, But Universities Are Mad With Anxiety

Purpose-built student accommodation, or PBSA, has been a UK property success story: 70% of the £7.7B annual European investment market in student housing comes to the UK, according to data from Savills. 

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My New Normal: FORE Partnership Managing Director Basil Demeroutis On Collecting the Rent, Housing The NHS And Too Much Celery Soup
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This series aims to capture a moment in time, talking to men and women in commercial real estate about how their lives and businesses are being transformed by the coronavirus pandemic.

Office landlords face few of the immediate pressures that cause sleepless nights for rivals in the retail and leisure sectors. But the June quarter day could prove their escape was only a temporary reprieve.

FORE Partnership Managing Director Basil Demeroutis presides over a £560M office portfolio that stretches from London’s Victoria Embankment to Aberdeen. One FORE building, the 70K SF Windmill Green office building in Manchester, is in the thick of the coronavirus crisis thanks to housing NHS administrative staff running the city’s new Nightingale field hospital (located in the Manchester Central conference centre next door).

Worrying about the June quarter day, preparing for a new office market post-pandemic, and the dangers of too much celery soup are Demeroutis’ new normal.

Bisnow: Describe your work-from-home life. Demeroutis: Work-life lines have always been blurry for me. However, I am grateful for the gaps in my schedule where I can steal a few moments with my three kids, although I’m conscious that I might be causing more chaos…

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