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Article: Investors are drawn to student accommodation
- Article from:
- Western Morning News, The Plymouth (UK)
- Article date:
- April 12, 2007
CopyrightCopyright 2007 Western Morning News, The Plymouth (UK). Provided by ProQuest LLC. (Hide copyright information)
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A"revolution" in student accommodation provision has created a
multi-million-pound investment sector with total sales of more than
pounds500 million last year, according to international property
consultant King Sturge.
"Five years ago, the sector was dominated by universities offering
traditional halls of residence and 'amateur' landlords offering multi-
let houses," says Conal Newland, an associate in King Sturge's UK
student accommodation group.
"Today, it is a much more competitive environment with specialised
corporate developers and operators expanding their portfolios through
acquisition of existing stock and by the development of further
sites."
Mr Newland says the standard of ...