Luxury student accomodation is flooding into the market – The London Economic
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Luxury student accomodation is flooding into the market

 By Steve Taggart

The days of students living like the TV show The Young Ones are long gone. Cold beans, even colder rooms and holes in the wall, have been replaced by private cinema rooms, gyms and reading rooms.

2014 saw a record number if university applicants. UCAS recorded over 500,000 people were accepted onto a course, a growth of almost 3 and a half per cent on the previous year. It was the first time the figures ever surpassed the half a million mark.

It appears prospective students have not been put off by the increase in tuition fees (as much as £9,000 a year), more and more people are going to university and this, in turn, has meant a knock on effect on the accommodation sector within many university locations.

Accordingly, the student housing market has seen a huge expansion in recent times, with CBRE figures revealing that almost £2.4 billion was invested in the market last year (according to figures as of November 2014). And it is only predicted that this trend will continue. CBRE are forecasting a positive 2015 for the sector, with more and more people recognising the benefits of buying into the student housing market.

One company, doing just this is student property provider Collegiate, whose luxury accommodation offering is witnessing a period of expansion in 2015.

Collegiate already provides student housing in university towns and cities up and down the UK, trying to answer the problem of tired, run-down student properties. Properties are created to offer the very best quality of accommodation that this sector can offer.

Properties are also secure, incorporating features such as CCTV, 24-hour on-call support, and electronic entry systems, innovative, with fast broadband and contemporary work spaces with on-site facilities including private cinema rooms, gyms and reading rooms.

Collegiate have also announced that they are bringing to market over half a dozen UK student schemes as part of a hugely successful takeover acquisition, schemes included in this exciting acquisition are Dean Clarke Lofts in Exeter, Algernon Firth in Leeds, McDonald Road taken over from Unite in Edinburgh, Liberty Fields taken over from Liberty Living in London, Claremont House in Glasgow, Allwyn Court in Cardiff, and others.

Heriberto Cuanalo, CEO of Collegiate explains what has led to this much-anticipated period of expansion for the company,

“There are great benefits of investing in a university education on all sides and Collegiate are at the forefront of this, with our expanding portfolio in 2015, proving this. As a leading provider of luxury student accommodation, we focus on high quality properties and, through ensuring that we employ the best professional management staff, are able to offer the very best living solutions to our students.

For more information visit www.collegiate-ac.com

Interested in renting or buying a property? Click here

 

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