1. London Student Housing Conference 30 th June 2008 HAMISH CLIFTON COMMERCIAL DIRECTOR & MANAGING DIRECTOR LONDON ARTSCOM LTD

2. 30 th June 2008Presentation title University of the Arts (“Arts London”) Arts London is Europe's largest university for art, design, fashion, communication and the performing arts. Colleges: Central St Martins College of Art & Design, London College of Fashion, London College of Communication, Chelsea College of Art & Design, Camberwell College of Arts, Wimbledon College of Art Our students, staff and alumni regularly receive honours and awards e.g. the Saatchi Scholarship, the Sunday Times Award, the Jerwood Prize, the Fujifilm Award, British Fashion Designer of the Year, the Turner Prize and the Prince Philip Designers Prize. Teaching and research have been judged as 'excellent' by independent and rigorous peer review. We were rated by the 'Sunday Times University Guide 2006' as the UK's best modern university. 20,000 full time and 18,000 part time (London Artscom) Students 4,500 international students and 2,000 students from the European Union

3. What IS going on ! Supply and Demand The Credit Crunch Customer “Expectations” Sustainability Cost of a Student Room

4. Full-time students numbers continue to rise Source: Savills, HESA

5. Rapid growth in overseas students in last five years Source: Savills, HESA

6. Students live predominately in ‘Private Rented Sector’ Source: Savills, HESA

7. The Credit Crunch – What Does it Mean? Reduced borrowing for some larger players Properties becoming available to other players New market entrants New types of deals and funding More “flexibility” Supply is being freed up Too early to tell?

8. Martin Blakey Chief Executive, Unipol Student Homes expansion of accommodation in London is growing. 8,000-12,000 additional student bed spaces in complexes in London between 2008-2011. = a significant opportunity for London HEIs to review /widen their accommodation role in partnership arrangements with others future growth in the student accommodation private sector will come from stock transfer, between private suppliers; some "sale and leaseback“ of existing HEI stock a number of investment funds are expanding their involvement in the student accommodation market. there is a shortage of good quality housing management in the sector. Supply and management tend to go together. It is difficult to separate out housing management from the continued and essential evolution of a highly serviced product such as shared student housing

9. Martin Blakey Chief Executive, Unipol Student Homes Research recently undertaken in Nottingham, almost all first year students expect a room allocated through the HEI no more than 25% of returning students (mainly international, postgraduates and some final year students) want to live in purpose-built complexes the focus on amenity based lettings (en suite, gym, swimming pool, 24 hour security, always on internet) is becoming less important. There is an increasing emphasis on the role of the institution and student care. Universities are selling a good time and socialisation at their institution, not just a set of amenities: amenities very much reflect an accommodation developer's agenda.

10. Arts London – What do (we think!) our students want? An integrated housing experience Work and “play” areas are not separate Ways of working are changing Housing isn’t just a place to sleep

11. The International Dimension Do International students want “exclusivity”? Will it lead to isolation? Is there an immediate danger of oversupply of “top-end” accommodation? What is the effect of “creaming” wealthy students into specialised accommodation on, the residue of housing stock, other students?

12. What do we want to provide? What students want…of course Holistic and not alienated Sustainable and ecological Not a set of boxes Do we really know?

13. The big challenges for a great student experience.. how do we get there? Getting enough bed spaces! Matching our “vision” to what’s available………….. Getting enough accommodation……….but without risk Knowing what the “market” can stand – just how much for a room? Taking advantage of the current climate…..more supply.

14. Summary of Some Key Current Factors

15. Thank you! The End