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Cover Page V. 1 STUDENT ACCOMODATION Capital Markets Track Record 2017
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Student accommodation Capital Markets
Cover page V.8 with customizable background To add an image, click on the picture placeholder icon OR A new window will open, find your required image and click ‘Insert’. Student accommodation Capital Markets CBRE Student Accommodation Capital Markets acted on over £140m of investment transactions during 2016, with a further £200m to complete by Q We have a further development led pipeline of c£1.5bn over the next two years already identified. The Valuation & Advisory team value upwards of £5bn of student assets every year. This demonstrates CBRE’s leading market share against all competitors in the sector.
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Pavilion court, Canterbury
Cover page V.8 with customizable background To add an image, click on the picture placeholder icon OR A new window will open, find your required image and click ‘Insert’. Pavilion court, Canterbury vendor Pavilion Property Group Purchaser ESP PRICE £9,200,000 Operation Direct-Let NIY 6.30% Completion Q3 2016 The vendor was the original developer of this well located student property and through our relationship with them were able to negotiate and off market transaction. CBRE acted for the purchaser who were keen to acquire due to high student demand in the city due to high barriers to entry.
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EMPORIUM, BIRMINGHAM Cover page V.8 with customizable background
To add an image, click on the picture placeholder icon OR A new window will open, find your required image and click ‘Insert’. EMPORIUM, BIRMINGHAM developer CZero Developments Funder ESP PRICE £19,530,000 Operation Direct-Let NIY 6.25% Completion Q3 2016 This development scheme was on the site of the former Christopher Wray Lighting Emporium, a local landmark, which due to the relocation of Birmingham City University (BCU) is at the gateway of their new campus. CBRE acted on behalf of the developer and negotiated the forward funding transaction off market with ESP.
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INTO Newcastle University, Phase 2
Cover page V.8 with customizable background To add an image, click on the picture placeholder icon OR A new window will open, find your required image and click ‘Insert’. INTO Newcastle University, Phase 2 developer INTO purchaser L&G PRICE £10,000,000 Operation 35 year lease to Newcastle University NIY 4.20% Completion Q3 2016 CBRE advised one of L&G’s Annuity Funds on the second Phase of INTO’s on- campus development. The original deal (2013) transacted for £89,000,000 and formed both academic and student accommodation on a 35 year long lease to the University.
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London Road, Oxford Cover page V.8 with customizable background
To add an image, click on the picture placeholder icon OR A new window will open, find your required image and click ‘Insert’. London Road, Oxford developer Frontier Funder USAF (UNITE) PRICE £23, Operation Nominations agreement with Oxford Brookes NIY 5.20% Completion Q3 2016 CBRE advised Unite’s USAF Fund on the forward funding of this rare Oxford opportunity. The developer had secured a nominations agreement with OBU, which created significant interest in the opportunity. In a very competitive process CBRE used their market intelligence and advised their client to offer a clean and uncomplicated bid, this secured it. The USAF Fund owns the student accommodation next door.
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Oxford road, Cardiff Cover page V.8 with customizable background
To add an image, click on the picture placeholder icon OR A new window will open, find your required image and click ‘Insert’. Oxford road, Cardiff developer Crosslane Funder 360 Developments PRICE £23,500,000 Operation Direct-Let NIY 6.50% Completion Q1 2016 CBRE acted for 360 Developments on the funding of the scheme in central Cardiff. The opportunity was off market and despite our client being a developer themselves we managed to negotiate a successful transaction for all. The property is now complete and is accepting its first residents for the current academic year.
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PORTSWOOD NEWCASTLE UNIVERSITY, PHASE 2
Cover page V.8 with customizable background To add an image, click on the picture placeholder icon OR A new window will open, find your required image and click ‘Insert’. PORTSWOOD NEWCASTLE UNIVERSITY, PHASE 2 We have recently finished over 30 direct investor presentations on this portfolio which gives us excellent live market intelligence into the prime, long income retail investment market which we can draw on to ensure the successful sale of Project Alexis. developer Sladen Estates / Peveril Securities Funder AIG PRICE £44,000,000 Operation Direct-Let NIY 5.75% Completion Q1 2016 This development scheme was on the site of the first B&Q retail warehouse in the country. The direct-let 525 bed scheme is situated a 10 minute walk from the University of Southampton main campus. CBRE quietly marketed the opportunity to a target list of funds.
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LADYBARN HOUSE, MANCHESTER
Cover page V.8 with customizable background To add an image, click on the picture placeholder icon OR A new window will open, find your required image and click ‘Insert’. LADYBARN HOUSE, MANCHESTER Whilst this is a single asset sale the smaller regional stock is similar to that contained within the portfolio this has given us excellent market intelligence into the active investor requirements that exist in the regional market. VENDOR Accrue Capital PURCHASER ESP PRICE £13,000,000 Operation Direct-Let NIY 6.25% Completion Q1 2016 Ladybarn House is a 117 bed scheme that was extensively refurbished and extended by our client in The immediate area will benefit from the University of Manchester’s Fallowfield re-development which will be a catalyst for further development in the vicinity. Through our market knowledge and close relationships with buyers we were able to identify a potential buyer prior to going to market. An above quoting deal level was struck and the sale successfully completed in Q1.
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Cover Page V. 1 STUDENT ACCOMODATION Capital Markets Your team
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Your Team Cover page V.8 with customizable background
To add an image, click on the picture placeholder icon OR A new window will open, find your required image and click ‘Insert’. Your Team Oli Buckland Director, Head of Student Investment E: T: +44 (0) Oli works closely with a number of major clients including M&G, Aberdeen, LaSalle IM, Legal & General, TH Real Estate and sector specialists such as UNITE, ESP, Watkin Jones, Curlew, Sladen Estates. Oli works particularly closely with a number of Universities, given their focus on Estate Strategy and investing in their campuses in the UK and around the globe. These relationships and market insight have been a key factor in achieving premium pricing. James Lawson Senior Surveyor, Student Investment E: T: +44 (0) Forward fund of a 525 bed scheme on Portswood Road Southampton to AIG. Sale of a 127 bed operational scheme opposite Manchester Universities Fallowfield campus to Empiric Student Property. Purchase of a 98 bed scheme in Canterbury for Empiric Student Property. Laura Jones Surveyor, Student Investment E: T: +44 (0)
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