The Brandeaux Student Accomodation Fact Sheet Jan \'12


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The Brandeaux Student Accomodation Fact Sheet Jan \'12

  1. 1. +10.23% 12 Month total return1 +32.88% 3 Years total return1 +62.57% 5 Years total return1 +9.72% Compound annual return since launch2 1 Total return to 31/12/11 2 From 15/06/00 to 31/12/11 Returns are net of Brandeaux charges “Early bookings from students for 2012/13 together with longer term commitments from our university relationships have already secured over 60% occupancy with us for 2012/13. As Liberty Living has established its reputation with both universities and students as the residence of choice, we are confident that we will maintain our long standing track record of full occupancy through 2012/2013” Charles Marshall Chief Executive Officer, Liberty Living Plc, 5 January 2012 RENTS SET 5.9% HIGHER FOR THE NEXT ACADEMIC YEAR STARTING IN SEPTEMBER 2012 £2.91 Share price 31 December 2011 Up 2p on previous month Brandeaux’s Liberty Living team have agreed over 90% of rents for the 2012/13 university academic year with our university partners at an overall average increase of 5.9% more than 2011/12. These are now published on the Liberty Living website to enable students to book rooms for the next academic year. The exclusive Liberty Living on-line booking system allows students to book rooms and pay rent from anywhere in the world. This has enabled administrative costs to be reduced and makes the booking process for students efficient and convenient. Brandeaux’s investors can view the accommodation and see the on-line booking system at work on UCAS* reports that university applicants for 2012/13 are down by only 6.4% compared with this time last year. (at 19 December 2011). This is substantially less than had been predicted by the press as a result of increased tuition fees. Applications from students in countries outside the EU are up 13%. This is encouraging news ahead of the 15 January 2012 deadline for applications. UCAS will release final application figures on 30 January. By comparison there were 700,161 student applicants for the 2011/12 academic year for only 492,030 places, representing an unfulfilled demand of 30%. With 60% occupancy of Brandeaux’s accommodation already committed under university agreements, Brandeaux has confidence that we will maintain our long track record of full occupancy for the 2012/13 academic year. *UCAS - Universities and Colleges Admissions Service *Compound average annual return since launch on 15 June 2000 to 31 December 2011, net of Brandeaux charges. Past returns are not a guide to future returns and the value of shares may go down as well as up. TRACK RECORD OF CONSISTENT RETURNS SINCE LAUNCH IN 2000 - Now in our 12th year 9.72%* S T U D E N T A C C O M M O D A T I O N F U N D ( S T E R L I N G ) www.brandeaux.combrandeaux JANUARY 2012
  2. 2. Combined with the already contracted summer revenues for 2012, Brandeaux forecasts revenues for the 2011/12 university year of £75 million against £71.5 million for 2010/11. Additional revenue is being generated from 60 new rooms that have been added to existing residences in Leicester and London. Creating partnerships and strong relationships with universities is key to Brandeaux’s successful business model. Partnerships with 30 mainstream universities provide occupancy commitments for over 60% of the portfolio’s income. Our reputation with both universities and students is the foundation for our full occupancy for 2011/12 and why we look forward with confidence to 2012/13. Brandeaux’s student accommodation locations A London B Cardiff C Liverpool D Manchester E Southampton F Birmingham G Coventry H Newcastle I Preston J Gillingham K Leeds L Leicester M Aberdeen N Bedford O Sheffield P Glasgow Q Stoke Liberty Living at Queen’s Hospital Close University of Birmingham Liberty Living at Cambrian Point Cardiff University Key Facts Shares are listed on the Irish Stock Exchange Target Return 8% to 10% p.a. Fund Size GAV £1.03 billion NAV £834million (31 December 2011) Launch Date 15 June 2000 Manager Brandeaux Managers Limited Investment Adviser Brandeaux Advisers (UK) Limited Administrator Brandeaux Administrators Limited Banker and safe keeper of assets HSBC Bank plc Auditor Deloitte & Touche Property Valuer Lambert Smith Hampton Group Limited Initial Charge 1.5% Management Fee 1.5% p.a. of NAV Administration Fee 0.2% p.a. of NAV Total Expense Ratio 1.71% p.a. of NAV Exit Charges None Dividend Status None Dealing Day 5th business day each month MEXID Number 8QSAA SEDOL Number B61PNY0 (Last character is the number “0”) ISIN Number VGG131721125 A minimum subscription level is applicable ONLY to the institutional platform through which the subscription of the investing client is made. Brokers, therefore, do not have to regard Brandeaux Student Accommodation Fund (Sterling)’s minimum subscription requirement as a barrier but should refer to the terms of the institutional platform product. Full details of the terms of subscription and redemption of shares in Brandeaux Student Accommodation Fund (Sterling) are set out in the Private Placement Memorandum. This Fact Sheet is for information purposes only and is not intended as an offer or solicitation to anyone in any jurisdiction in which such an offer or solicitation is not authorised, or to any person to whom it would be unlawful to make such an offer or solicitation. Persons who receive this Fact Sheet are required to inform themselves about and observe any such restrictions and should seek professional advice. This Fact Sheet should be read in conjunction with the Memorandum and Articles of Association and Private Placement Memorandum of Brandeaux Student Accommodation Fund (Sterling) Limited, which, together with the latest Fund’s Report & Financial Statements, are available upon request from Information and representations herein are based on information available at the date hereof, and are, therefore, subject to change. In particular, past returns are not a guide to future returns and the value of shares may go down as well as up. Moreover, returns in non-Sterling denominated shares classes may increase or decrease subject to currency fluctuations. All returns are shown net of Brandeaux charges. Brandeaux Student Accommodation Fund (Sterling) Limited is incorporated in the British Virgin Islands (“BVI”) as a BVI Business Company with registration number 384467. It is recognised as a professional fund under the BVI Securities and Investment Business Act, 2010 and is subject to the supervision of the BVI Financial Services Commission. Shares are listed on the Irish Stock Exchange. This Fact Sheet is distributed on behalf of Brandeaux Managers Limited by Brandeaux Administrators Limited, Brandeaux House, 13 Upper Mount Street, Dublin 2, Ireland, which is authorised and regulated by the Central Bank of Ireland under the Investment Intermediaries Act, 1995. Brandeaux also offers through Brandeaux Student Accommodation Fund (Multi Currency) share classes denominated in US Dollar, Euro, Singapore Dollar and Swiss Franc, which invest directly in Brandeaux Student Accommodation Fund (Sterling) and employ currency hedges to mitigate the effect of exchange rate fluctuations against Sterling. A Fact Sheet and Private Placement Memorandum for Brandeaux Student Accommodation Fund (Multi Currency) is available from For a student’s view of the Brandeaux portfolio please refer to Adrian Perry Head of Marketing Telephone: +353 877 55 88 50 Sophie Bowden Marketing Executive Telephone: +44 20 7398 7410 www.brandeaux.combrandeaux JANUARY 2012 S T U D E N T A C C O M M O D A T I O N F U N D ( S T E R L I N G )