Transcript Introduction

Mansion Student
Accommodation Fund
“Student Property has outperformed every other commercial property class”
Source: Knight Frank 2012
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Mansion Model
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Acquire sites from Universities, Property Funds
and private owners
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Refurbish to Mansion standard
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Let directly to post 1st year students
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Provide on site hospitality
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Maintenance of property
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Manage rental payments and chase arrears
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Provide security – 24/7 and CCTV
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Properties are sold to Institutions/Funds
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The Portfolio
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MSAF London Portfolio
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Progress
to date
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Mansion have redeveloped property in London, Edinburgh, Glasgow, Manchester, Bristol, Oxford,
Newcastle, Birmingham, Nottingham, Liverpool, Leicester, Leeds, Sheffield, Aberystwyth, Lincoln, Exeter
and Colchester
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£600M of development value to date
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Over 8300 beds under management
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6.7% average rental initial yield
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5,000 bed pipeline
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Demand for
Student Housing
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UCAS figures show that, as at the 30th June 2013 deadline, application levels were at the third highest
levels since records began
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UCAS reported a 3.1% increase in applications to circa 637,000 as at 30th June 2013 for all courses across
the UK for the 2013/14 intake*
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Application rates of 18 year olds across the UK increased by 0.7% compared to 2012/13 according to
UCAS*
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Reports confirm applicants from EU countries have increased by 4.3% and outside the EU of 6.0% for
2013/14 intake*
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International students tend to choose purpose-built accommodation in the UK due to security, location and
facilities
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India is forecast to overtake China as the world’s fastest growing source of globally mobile students
“The number of students attending university outside their own country
is forecast to more than double by 2025”
*as of 30 June 2013
Source: UCAS, Savills, CBRE, Knight Frank
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Growth in Student Numbers;
Applicants, Places and Fees
Growth in student numbers chart CBRE
“According to Savills, indications are that demand for HE, even in the face of increased tuition fees
will continue to outstrip the number of places available in 2012”
Source: Savills, CBRE
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Top non-EU student nationalities at
UK universities
“Higher education in the UK is exceptionally competitive on an international scale”
Source: Knight Frank
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Insufficient
supply
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More than 155,000 more students nationally renting in private rented sector (PRS) than in 2007
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Dramatic 20% increase in student numbers over the last 10 years has left most universities short of
accommodation due to lack of new halls
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Quality of university accommodation is old and un-modernised
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Savills believe UK universities will increase reliance on the private sector with universities likely to want to
retain nomination rights
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Reported occupancy levels of 99%+ for 2011/2012 intake for most private operators of purpose-built halls,
which saw the highest ever intake of students
(CBRE)
Source: Knight Frank, Savills, CBRE
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Knight Frank Student Accommodation Index
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MSAF Fund Objective
Objective
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To provide investors with exposure to the UK private student accommodation market
Strategy
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To concentrate on purpose-built halls of residence in the UK’s top 30 student towns and cities. To achieve
capital gains by focusing on sites where a combination of location, supply/demand imbalance and rental
potential is greatest
Put simply…
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The fund offers the opportunity for your clients to diversify away from traditional asset classes such as
equities, bonds, commercial property or commodities; or for investors with a pessimistic view of these
asset classes to achieve a higher return than cash.
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Why MSAF?
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Sub cell of protected cell company
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OEIC Authorised by the Guernsey Financial Services Commission
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Listed on Channel Islands Stock Exchange
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Monthly dealing with minimum 66 day notice period for redemptions
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Priced at NAV in £, $, €, SGD $ and CHF
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Initial charge and rear end charge available
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Fund launched in December 2009
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Over £350m raised to date
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Summer lets to provide additional income
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No negative performance since launch
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5 year rental guarantee on each property
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Performance to date
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Professional
advisors
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Custodian
BNP Paribas (AA Rated)
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Administrator
Active Fund Services
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Tax Adviser
Price Waterhouse Cooper
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Auditor
Ernst & Young (CII) LLP
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Valuation agent
DTZ / Knight Frank
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Property adviser
Mansion Property Management
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Investment adviser
Dartmoor Capital Management
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Contacts
Website:
www.themansiongroup.co.uk
Email:
[email protected]
Telephone: +44 (0) 161 828 0580
Manchester Office Address
1 Oakwood Square,
Cheadle Royal Business Park,Cheadle,
Cheshire.
SK8 3SB
London Office Address
2nd Floor,
Berkeley Sq. House,
London W1J 6BD
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