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ManchesterVita Student at First Street // Manchester, UK
Vita Student is a premium brand; the first of its kind
dedicated to designing, developing and delivering the
best student property in the UK.
For the Student
Vita Student represents accommodation of the highest
quality with state-of-the-art facilities and services, and
a city centre living experience like no other.
For the Investor
Vita Student offers a hassle-free, fully-managed property
investment with assured returns in the UKā€™s best student
accommodation projects.
02
05
08
14
20
28
32
34
Why Vita Student
The Vita Student story.
Introducing Vita Student at First Street
Vita Studentā€™s latest project in the heart
of Manchester city centre.
Vita Student living at First Street
The luxury Studios of Vita Student at First Street.
Vita community at First Street
State-of-the-art communal spaces & facilities.
A first class location
An overview of the master development, Manchesterā€™s
most vibrant new neighbourhood.
Manchester
The university city of Manchester and why it
has been chosen as a Vita Student location.
The Team
An introduction to the award-winning
team behind Vita Student at First Street.
The investment
A fully-managed investment with assured
rental returns.
Contents
Manchester
What sets Vita Student apart
All Vita Student properties are completed to an unrivalled level
of specification equal to that of a four-star hotel.
In addition, compared to standard student accommodation with
shared living areas and cooking facilities, Vita Student properties are
larger and completely self-contained, fitted with high quality
kitchens and en-suite shower rooms.
Designed especially with international students in mind, Vita Student
developments are located in close proximity to places of study and
are home to large communal areas and unprecedented support
services and facilities.
Vita Student
Why Vita Student?
03
Recognising a shift in the higher education market,
Vita Student developments are designed to cater for
the growing number of international students in the
UK demanding higher standards in living
accommodation.
The UK is the worldā€™s second largest host country to overseas students.
Attracted by the combination of comparatively affordable tuition fees and
a world-leading standard of education, the UK already educates close to
half a million international students and is set to be a major benefactor to
the predicted 57% growth in the number of students studying outside their
home country over the next few years.
With higher budgets for housing and the requirement to feel safe and
comfortable in a foreign country, international students have created
significant demand for high-quality, fully self-contained, purpose-built
student accommodation in city centre locations close to their institution
of study.
In spite of this, most projects provide a more standard level of specification,
leaving a gap in the market for true high-end student property. Vita
Student is the first student accommodation brand to cater especially for
this rapidly growing, higher-end of the market and, in turn, create a
compelling opportunity for investors.
Vita Student is the first to offer individuals the chance to purchase student property of a level of
quality not seen before at a competitive price. With the demand for high-end student accommodation
considerably outweighing supply, this makes for an exciting property investment opportunity.
Above: Images of Vita studentā€™s flagship development in Liverpool, UK.
Luxury 1 bedroom studios
with 9% Net minimum rental
return assured for 2 years.
From Ā£77,950
02
04 05
1 2
3 4
5
Introducing Vita Student at First Street.
A new Ā£25m development in the heart
of Manchester city centre.
Current & futureVita Student locations
1. The Chapel, Liverpool city centre Sold out
2. Tinlings, Liverpool city centre Sold out
3. Crosshall, Liverpool city centre 90% sold out
4. First Street, Manchester city centre Ready 2014
5. Birmingham city centre TBA
6. Bristol city centre TBA
7. London city centre TBA
WhyVita Student continued.
VVita Student locations
IIn order to select the best locations for its projects, Vita Student pinpoints
uuniversity cities where there is an identified demand for high end student
pproperty to ensure high occupancy rates and maximised investor returns.
FFollowing the success of Vita Studentā€™s Ā£27 million flagship development
iin Liverpool, the first two phases of which complete in September 2013,
llocations for future projects include Birmingham, London and Bristol.
WWith more students than anywhere in the UK, home to the largest
iinternational student population in Europe, and a prestigiousā€˜Russell Groupā€™sell G
uuniversity city, Vita Student is excited to reveal Manchester as the locatione lo
ffor its first launch in 2013.
6
7
Bringing to life the brandā€™s vision in one of the UKā€™s top
university cities, Vita Student at First Street is Manchesterā€™s
first and only luxury student development.
Upon its completion in 2014, Vita Student at First Street is set to rival not only the
best student property in Manchester, but in the whole of the UK.
For the investor, Vita Student at First Street represents an attractive proposition;
the highest quality student development in an unparalleled location in the city with
the largest student population in the UK.
The first new build project in the brandā€™s portfolio, First Street has enabled Vita
Student the freedom and imagination to create student accommodation tailored
specifically to meet the high demands of its tenants.
No aspect of the development has been overlooked to ensure that Vita Student at
First Street achieves and retains its status as Manchesterā€™s most desirable student
residence.
Vita Student
First Street, Manchester
0706
Visually striking, the buildingā€™s unique faƧade immediately
sets it apart from its surroundings, establishing the building
as a landmark within the Manchester cityscape.
Its innovative design serves a functional purpose, a mixture
of glazed and solid panels combine to allow natural light to fill
the residences within yet offer privacy to their occupants.
Luxury 1 bedroom studios
with 9% minimum Net rental
return assured for 2 years.
From Ā£77,950
0908
Beyond the doors of its magnificent exterior,
Vita Student at First Street is home to 279
individual luxury studios each offering the
highest standard of student living.
Designed with the student always in mind, while
maintaining the style and finish of a luxury hotel, the
studios of Vita Student at First Street are a world apart
from standard student rooms.
Generous in size, each studio is completely self-contained, with its
own quality fitted kitchen and designer en-suite shower room
offering its resident much sought-after privacy and their own
sanctuary within a city centre development.
With no compromise on the quality of materials used,
contemporary and stylish interiors combine with meticulous
attention to detail and sophisticated finishing touches to offer all
the luxury and comfort expected from a premier development.
Vita Student
Vita Student living
at First Street
1110
Luxury 1 bedroom studios
with 9% minimum Net rental
return assured for 2 years.
From Ā£77,950
11
Vita Living continued.
Standard specification
Each self-contained studio is fully furnished and completed
to the highest specification, comprising:
Kitchen featuring lacquered cabinetry, Corian
worktop, sink and fully integrated appliances including
microwave, electric hob and fridge.
En-suite shower room with boutique styling including
porcelain tiles and designer ļ¬ttings.
High quality durable furniture including bed, workstation,
wardrobe units, bookcase, dining table and chairs.
Free high-speed broadband.
Wall hung ļ¬‚at screen LCD TV with built-in Freeview.
Secure entrance doors.
Finishing touches including lacquered cabinetry and furniture, Corian
surfacing and porcelain tiling set the first street studios a world apart
from standard student rooms.
1312
WINDOW
BEDROOM
ENTRANCE
SHOWERROOM
WARDROBES/STORAGECOOKINGHOB
FLATSCREENTV
MICROWAVEOVEN
STUDYDESK
KITCHEN/DINER
BOOKCASE
Typical Studio Floorplan
Vita Student at First Street typical floors 1-10
Expanding over the
ground floor is the
buildingā€™s state of the
art communal area
designed to play host
to the vibrant Vita
Student community.
14 15
Offering complete security, upon entry to the building residents
and visitors are welcomed in to a modern reception with 24-hour
supervision. Beyond reception are three main communal zones
equipped with cutting-edge facilities and designed to provide a
focal point for residents outside their studios to meet and relax or
an alternative place to study.
A hotel-style lobby lounge equipped with
LCD TVs where residents can meet and
relax or browse the internet at designated
stations on free-to-use Apple Macs.
An area designated for study housing
a mixture of individual workstations and
group study booths to encourage
collaborative learning.
Upstairs to a raised mezzanine, residents
will find a games area with pool tables
and video game stations alongside the
buildingā€™s very own gym, fully-equipped
with state-of- the-art equipment.
Laundry facilities are also housed on this
level.
Vita Student
Vita community at First Street
1716
Ground & Mezzanine
HUB
STUDY
NEST
Spaces to inspire and engage
Communal facilities in summary
Vita Student residents will have access to a full suite of cutting
edge facilities and services including:
24-hour security
Hotel style lobby with 24-hour reception
Internet stations with free-to-use Apple Macs
Spacious lounge area with LCD TVs
Individual study areas
Shared working booths
Fully-equipped state-of-the-art gymnasium
Pool table area
Video game stations
Laundry room
1918
@Vita Student occupies a prime position
@within First Street, a Ā£750m regeneration
@projec
@
20 21
Vita Student is strategically positioned within First Street North; 500,000
sq ft of high-quality leisure, hotel and retail space all clustered around
a state-of-the-art culture building and overlooking a fantastic new public
realm that will stage outdoor theatre and music events. Set to become
a cultural and social hub, First Street North will offer its residents a true
sense of community - something particularly important for overseas
students as they settle in to the UK.
With the world class cultural and social amenities of First Street North on
its doorstep, Vita Student offers its residents something no other location
can. Whatā€™s more, First Street occupies one of the cityā€™s key gateways,
providing students with easy access to everything the city centre has to
offer and within walking distance of the universitiesā€™main campuses.
Home to an exciting mix of culture, leisure, retail, office and
residential spaces, First Street Manchester is destined to become
the cityā€™s most vibrant new neighbourhood and the number
one location for student living.
First Street is set to become Manchesterā€™s most vibrant new
neighbourhood, with a compelling blend of culture, leisure,
retail and living space, all in a perfectly-located destination,
rich in major amenity with excellent connectivity.
A rich mix of bars, restaurants and retail outlets will combine to create
a distinctive sense of place and vibrancy morning until night, seven days a week.
Vita Student
A first class location
22 23
MeliaHotel
Culturecentre
1
2
3
4
5
7
9
NO. 1 FIRST
13
7
14
8
1
15
12
11
10
6
Aerial photograph of Manchester
showing the location of Vita Student.
8
1. Vita Student at First Street, Manchester
2. Number 1 First Street
3. Home Cultural Centre
4. Melia Innside Hotel
5. Greater Manchester Exhibition Centre (GMEX)
6. City centre retail and business
7. Manchester Metropolitan University
8. Mancunian Way road network
9. First Street South
10. Residential / Liesure / Retail
11. Residential / Offices
12. Medlock Street
13. Manchester Student Village
14. Oxford Road Train Station
15. Oxford Road
A first class location continued.
24 25
First Street has been identified by Vita Student as a prime investment location with the
following factors ensuring and maintaining high student occupancy and investor returns.
Close to universities: First Street is located just 450 m from the Oxford Road
corridor with access to the University of Manchester and just 300m from
Manchester Metropolitan University.
Excellent connectivity: A free city centre shuttle bus service stop, a Metrolink
tram station opposite the main entrance, an exceptional road network, and two
mainline rail stations in close proximity all combine to provide easy access to the
rest of the city, the UK and beyond.
World class amenities: As well as high-quality hotels, retail and leisure outlets, First
Street will offer cultural attractions such as HOME - the centrepiece of First Street North
and a brand new Ā£25 million production centre for international contemporary art,
theatre and film, with a 500 seat theatre, gallery and cinema screens.
Strong community offering: A unique combination of city centre living with
cultural and social amenities will create a strong sense of community; sought
after by overseas students.
SPINNINGFIELDS
WHITWORTH STREET
LOWERMOSLEYSTREET
MOSLEYSTREET
WHITWORTHSTREET
PORTLANDSTREET
CHAPEL STREET
TRINITYWAY
CHAPEL STREET GREATANCOATSSTREET
MILLERSTREET
OLDHAMROAD
IRWELLSTREET
QUAY STREET
NEW BAILEY STREET
BLACKFRIARSROAD
LIVERPOOL ROAD
PETER STREET
MARKETSTREET
CROSSSTREET
HIGHSTREET
DALE
STREET
PICCADILY
LONDONROAD
DOWNING
OXFORDSTREET
PRINCESSSTREET
OXFORDROAD
HEDLOCKSTREET
OXFORDROAD
UPPERBROOKSTREET
DEANSGATE
MANCUNIANWAY
ARNDALE
CENTRE
CHESTERROAD
STREET
Salford
Central
Victoria
Station
Piccadilly
Station
Material
Science Centre
Students
Union
National
Computing
Centre
Great Northern
GMEX
Piccadilly
Gardens
St. Ann
Square
M
M
M
M
M
M
M
PRINCESSSTREET
CORPORATIONSTREET
M
M
FAIRFIELD STREET
Manchester City Football Club
/ Ethiad Stadium 2km
Manchester United Football Club
OldTrafford / Salford University 2km
BBC Media City
Vita Student
Investor information
26 27
Maths & Social Sciences Building
Ferranti Building
Faraday Building
BarnesWallis
Building/ Studentsā€™Union
University of Manchester
Royal Northern
College of Music
Manchester
Metropolitan University
and Campus
A historic university city
Manchester is home to two of the five largest universities in Britain -
The University of Manchester and Manchester Metropolitan
University (MMU).
The University of Manchester is a member of the prestigious Russell
Group - a list of the UKā€™s top 24 universities - and an accolade that
attracts thousands of students from all over the world.
Placed 38th in the Academic Ranking of World Universities and
number six in Europe, The University of Manchester aims to become
one of the worldā€™s best 25 universities by 2020. It currently has
39,000 students who come from more than 180 countries and this
number only looks set to increase.
MMU is also a highly popular institute with more than 37,000
undergraduates and postgraduates. Receiving over 56,000
applications in 2011/12, MMU is one of the most applied-for
education establishments in the UK, clearly demonstrating the
desire for people to live and study in Manchester.
Vita Student is a natural fit for Manchester, as its 100,000 students mean
this is the perfect location for investors to capitalise on a continually thriving
demand for high-quality student accommodation.
Vita Student
Manchester
28 29
ManchesterTownhall
ManchesterMetropolitanUniversity
With more than 100,000 students, Manchester has
the greatest student population in the UK and the
highest number of international students in Europe,
with over 10,000 foreign students living in the city.
At The University of Manchester, one in four
students are from abroad, and Manchester
Metropolitan University has more than 2,800
studens from 109 countries.
Despite such a high number of international students living
in Manchester, there is currently no high-quality student
accommodation in the city centre built specifically with their
needs in mind.
By delivering Manchesterā€™s first luxury student residence, Vita
Student will fill this gap and create a fantastic opportunity for
investors to take advantage of the high demand for its properties.
Despite more than 100,000
students, Manchester has just
30,000 student beds.
Manchester Factfile
Vita Student Manchester continued.
30 31
TheUniversityofManchester
MMUCampus
Vita Student at First Street - Ideal for investors
One of the most compelling reasons to invest in student property in
Manchester is the huge shortage of suitable accommodation in the city.
Manchester has the biggest undersupply of student property in Europe,
with 70% of students unable to access purpose-built student housing.
Knight Frankā€™s Student Property 2012 report suggested there would be
a move towards high-quality accommodation for university attendees
as a result of the increase in UK tuition fees, which has made students
ā€œhighly sophisticated consumersā€.
However, traditional student accommodation options in the city are
privately-owned shared houses in suburbssuch as Fallowfield,
Rusholme and Moss Side and there is a lack of accommodation
available for those looking for high-quality hotel-standard apartments.
Vita Student at First Street will meet the demands of this group of
students who want access to high-quality apartments and top facilities.
The No.1 city for Chinese students
The UK is becoming increasingly popular among Chinese students
as a destination of study. Students from China make up over a third of
all international students in the country, with a 17% rise in the last year
alone.
Manchester is home to the highest population of Chinese students in
the UK, totaling over 3,000; 1,000 more than other university city.
Home to Premiership football teams Manchester United and
Manchester City Football Club
The first industrial city in the UK and still one of Britainā€™s most important cities in
the UK with regards to its economy, business, investment and cultural significance
The University of Manchester is 180 years old, while MMU has a 150-year history,
and both are among the most popular universities in the UK
Manchester Airport has been named as the Best UK Airport in 2012 at the Travel
Weekly Globe Awards and more than six million passengers use it every year
Manchester was ranked in the top ten cities in Europe for its transport connections
(Cushman & Wakefield European Cities Monitor 2011) due to its airport, Metrolink,
motorway links, trains and buses.
BeethamTower
Luxury 1 bedroom studios
with 9% Net minimum rental
return assured for 2 years.
From Ā£77,950
Huntsmere
Design & Development
Multi award-winning, Huntsmere is one of the UKā€™s leading luxury
residential developers with a track record for creating some of the
finest properties in the most sought-after locations in the UK.
Over the past few years Huntsmere has become the byword in
luxury property development. From the construction of bespoke
residences in green belt and conservation areas to the
refurbishment of listed buildings and city centre structures,
Huntsmere create intelligent and original living spaces with
a relentless focus on the finished detail.
Select Property Group Limited
Master Sales & Marketing Partner
Established in 2004, Select Property is one of the UKā€™s largest
sellers of investment property having sold over Ā£1.4 billion worth
of property in locations worldwide.
Vita Student uses Select Propertyā€™s intuitive knowledge of the
marketplace and property investorsā€™demands to shape and create
Vita Studentā€™s attractive investment opportunities and its expertise
and far reach to present them to the individual investor.
Carillion Plc
Construction Company
Carillion is one of the UK's leading construction companies
with a history spanning almost two centuries.
Demonstrating its extensive expertise in construction and civil
engineering, Carillion has worked on everything from hospitals
to hotels, and from airports to industrial projects. As well as the
construction contractors for Vita Student, Carillion is also
responsible for delivering several of First Streetā€™s other major
projects, following their successful completion of the
developmentā€™s landmark building, Number One First Street,
in 2010.
Ask Developments
Project Management
Formed in 2000, Manchester-based Ask Developments has built
an impressive reputation for spear-heading some of the regionā€™s
most prolific regeneration projects. With its mission ā€™to create
places where people want to be, Ask specialises in multi-partner
developments involving highly creative and bold concepts.
Having assembled an exciting commercially led portfolio of
mixed-use schemes which includes the award-winning Deansgate
Locks in Manchester, Ask is currently masterminding the entire
First Street development.
CRM Students
Management Company and Rental Provider
CRM Students is the UK's leading independent student
accommodation manager with over six yearsā€™experience in
operating purpose-built student property developments.
Possessing expertise in both property management and student
care, CRM Students operate a range of sites across the UK with
thousands of units under its control. Bringing experience and trust
to the market, CRM Students has forged strong relationships with
universities, and has become a preferred supplier for quality
student accommodation, and the preferred partner of Vita
Student.
Chafes Solicitors LPP
Buyerā€˜s Solicitor
Vita Student has selected Chafes, a leading UK law firm, and its
experienced property team to offer purchasers their conveyancing
services. Established in 1889, Chafes successfully mix traditional
values with progressive thinking to provide their clients with high
quality legal services and the best advice. Vita Student has worked
with Chafes to create a tailor-made package for the purchase of its
properties designed to minimise costs and ensure the legal
process of purchasing a Vita Student property runs seamlessly.
Huntsmere create intelligent and original living spaces with
a relentless focus on the finished detail.
Select Property Group Limited
Master Sales & Marketing Partner
Established in 2004, Select Property is one of the UKā€™s largest
sess llers of investment property having sold over Ā£1.4 billion worth
ooofooooo pproperty in locations worldwide.
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annd far rereach to prresent them tot the individdual investtor.
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cooooonsnnnn trrucctititt onoo contractorss ffor Vita Studenenenennnt,ttt,ttt Carillion is alsoooooo
resppppspoono sible for deliveringn several oooffffff FiFiFiFiFiFiF rrrst Streetā€™s other mmmmmmaaajajor
projects, followwinini g their succcesesesssssssfsfsffsfsfs ul completion of the
develooopmpmpmpmenene tā€™s lall ndmarkr buiuiuiiiiuildllldllll ing, Number One First StSSSSS reet,
in 2010.
Locks in Manchester, Ask is currently m
First Street development.
CRM Students
Management Company and Rental Pro
CRM Students is the UK's leading inde
accocommodation manageg r with over s
opoo erating purpose-built student prop
PoPP ssessing expertise in both property
cac re, CRM Students operate aa range o
thtt ousands of units uunder its control. B
tottt theh market, CRM Studentts has forg
unu iversities, and hah s become a preferr
studene t accommodatttioion, and the pre
Studdddeent.
Chaffffes Solicitiii ors LPP
Buyerā€˜s Solicitor
ViV ta SSSStudent hass sele ected ChC afes, a lea
exe peerienced proppppperty team to offer p
ses rvices. Established in 1889, Chafes s
valuese with progreessive thinking to pr
quqq aliti y legal seervices and the best adv
wiithth Chafes to ccrerr ate aa tailor-made pa
propppeeerties desigii ned to minimise costs
prp ocesss of purchasinnng a Vita Student p
Directed by the management teams behind the multi-award
winning home builder, Huntsmere, and Select Property, the
international property investment specialist,Vita Student brings
together experts from across the industry to design, develop,
manage and promote the UKā€™s best student accommodation
projects.
Vita Student
The team behind Vita Student, Manchester
32 33
How the scheme works for you
Vita Student at First Street is a fully managed 7 year investment scheme allowing
owners to enjoy all the benefits of a secure UK property investment with none of
the hassle associated with managing the property or finding tenants.
Working closely with the management company CRM Students, Vita Student will
take care of the complete management of the properties; from general
maintenance and dealing with service providers through to the securing of
student tenants.
When it comes to running costs, Vita Student operates an open-book policy to
show how the net rental yield is arrived at. Rental return will be paid in termly
instalments, with owners receiving their first payment in January 2015.
With prices starting at Ā£77,950, Vita Student at First Street
offers buyers a fully managed investment in the UKā€™s best
student accommodation with a minimum annual rental
return of 9% net for the first two years.
Vita Student at First Street Payment Plan
Ā£5,000 Deposit
25% Exchange of contracts
25% December 2013
Balance Completion
How your yield is calculated
Estimate based on an a property price of Ā£83,950
Shared general costs* Ā£1,353
Ground Rent Ā£350
Service charge** Ā£902
Total Expenses Ā£2,605
Weekly Rent: Ā£200
Number of Weeks: 51
Gross Annual Income: Ā£10,200
Net Annual Income: Ā£7,595
Net Yield: 9%
Based on a purchase price of Ā£83,950.
A demonstration of the return on investment (ROI)
in three market conditions over 7 years.
Year 3% Capital Growth 6% Net rental return
1 (9% assured rental) Ā£83,950 Ā£7,556
2 (9% assured rental) Ā£86,468 Ā£7,556
3 Ā£89,063 Ā£5,344
4 Ā£91,734 Ā£5,504
5 Ā£94,486 Ā£5,669
6 Ā£97,321 Ā£5,839
7 Ā£100,241 Ā£6,014
Total returns Ā£16,291 Ā£43,482
Cumulative ROI 71%
Year 4% Capital Growth 9% Net rental return
1 (9% assured rental) Ā£83,950 Ā£7,556
2 (9% assured rental) Ā£87,308 Ā£7,556
3 Ā£90,800 Ā£8,172
4 Ā£94,432 Ā£8,499
5 Ā£98,210 Ā£8,839
6 Ā£102,138 Ā£9,192
7 Ā£106,224 Ā£9,560
Total returns Ā£22,274 Ā£59,373
Cumulative ROI 97%
Year 5% Capital Growth 12% Net rental return
1 (9% assured rental) Ā£83,950 Ā£7,556
2 (9% assured rental) Ā£88,148 Ā£7,556
3 Ā£92,555 Ā£11,107
4 Ā£97,183 Ā£11,662
5 Ā£102,042 Ā£12,245
6 Ā£107,144 Ā£12,857
7 Ā£112,501 Ā£13,500
Total returns Ā£28,551 Ā£76,482
Cumulative ROI 125%
Vita Student
The investment
34 35
Investment timetable
NOW
Reservation completed and Ā£5000
reservation deposit paid.
Solicitors instructed and contracts issued.
Exchange of contracts.
First instalment of 25% due
MAY 2013
Construction of Vita Student First Street
commences.
NOVEMBER 2013
CRM Students commence marketing
campaign to secure tenants for
September 2014/15.
DECEMBER 2013
Second instalment of 25% due.
AUGUST 2014
Completion of Vita Student at First Street.
Lease granted.
7-year scheme commences.
SEPTEMBER 2014
Academic year begins and tenants move in.
JANUARY 2015
First instalment of assured rental
return is paid.
ConservativePredictedBuoyant
*General Costs include all staff, maintenance and operational running costs, as
well as the management company's fee, deducted from pooled rental income.
**Service Charge is the individual contribution towards managing the estate
and keeping the building structure and common amenities in a good state of
repair, paid annually by all owners under their lease.
Providing buyers with full security, all payments are made via a UK solicitor.
Please note that the information that we
distribute is produced with great care and
believed to be correct at the time of printing
to the best of our knowledge. Pictures,
layouts and other details in this brochure are
given as a general guide and may change
from time to time in accordance with the ļ¬nal
designs of the development and appropriate
planning permissions. We endeavour to
ensure that any market forecasts we provide
are accurate and well researched at all
times, however we cannot ultimately warrant
the accuracy of that information and cannot
be held liable for any reliance you may make
of or put on it except as speciļ¬cally agreed
with us in any further agreement we may
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  • 1. ManchesterVita Student at First Street // Manchester, UK
  • 2. Vita Student is a premium brand; the first of its kind dedicated to designing, developing and delivering the best student property in the UK. For the Student Vita Student represents accommodation of the highest quality with state-of-the-art facilities and services, and a city centre living experience like no other. For the Investor Vita Student offers a hassle-free, fully-managed property investment with assured returns in the UKā€™s best student accommodation projects. 02 05 08 14 20 28 32 34 Why Vita Student The Vita Student story. Introducing Vita Student at First Street Vita Studentā€™s latest project in the heart of Manchester city centre. Vita Student living at First Street The luxury Studios of Vita Student at First Street. Vita community at First Street State-of-the-art communal spaces & facilities. A first class location An overview of the master development, Manchesterā€™s most vibrant new neighbourhood. Manchester The university city of Manchester and why it has been chosen as a Vita Student location. The Team An introduction to the award-winning team behind Vita Student at First Street. The investment A fully-managed investment with assured rental returns. Contents Manchester
  • 3. What sets Vita Student apart All Vita Student properties are completed to an unrivalled level of specification equal to that of a four-star hotel. In addition, compared to standard student accommodation with shared living areas and cooking facilities, Vita Student properties are larger and completely self-contained, fitted with high quality kitchens and en-suite shower rooms. Designed especially with international students in mind, Vita Student developments are located in close proximity to places of study and are home to large communal areas and unprecedented support services and facilities. Vita Student Why Vita Student? 03 Recognising a shift in the higher education market, Vita Student developments are designed to cater for the growing number of international students in the UK demanding higher standards in living accommodation. The UK is the worldā€™s second largest host country to overseas students. Attracted by the combination of comparatively affordable tuition fees and a world-leading standard of education, the UK already educates close to half a million international students and is set to be a major benefactor to the predicted 57% growth in the number of students studying outside their home country over the next few years. With higher budgets for housing and the requirement to feel safe and comfortable in a foreign country, international students have created significant demand for high-quality, fully self-contained, purpose-built student accommodation in city centre locations close to their institution of study. In spite of this, most projects provide a more standard level of specification, leaving a gap in the market for true high-end student property. Vita Student is the first student accommodation brand to cater especially for this rapidly growing, higher-end of the market and, in turn, create a compelling opportunity for investors. Vita Student is the first to offer individuals the chance to purchase student property of a level of quality not seen before at a competitive price. With the demand for high-end student accommodation considerably outweighing supply, this makes for an exciting property investment opportunity. Above: Images of Vita studentā€™s flagship development in Liverpool, UK. Luxury 1 bedroom studios with 9% Net minimum rental return assured for 2 years. From Ā£77,950 02
  • 4. 04 05 1 2 3 4 5 Introducing Vita Student at First Street. A new Ā£25m development in the heart of Manchester city centre. Current & futureVita Student locations 1. The Chapel, Liverpool city centre Sold out 2. Tinlings, Liverpool city centre Sold out 3. Crosshall, Liverpool city centre 90% sold out 4. First Street, Manchester city centre Ready 2014 5. Birmingham city centre TBA 6. Bristol city centre TBA 7. London city centre TBA WhyVita Student continued. VVita Student locations IIn order to select the best locations for its projects, Vita Student pinpoints uuniversity cities where there is an identified demand for high end student pproperty to ensure high occupancy rates and maximised investor returns. FFollowing the success of Vita Studentā€™s Ā£27 million flagship development iin Liverpool, the first two phases of which complete in September 2013, llocations for future projects include Birmingham, London and Bristol. WWith more students than anywhere in the UK, home to the largest iinternational student population in Europe, and a prestigiousā€˜Russell Groupā€™sell G uuniversity city, Vita Student is excited to reveal Manchester as the locatione lo ffor its first launch in 2013. 6 7
  • 5. Bringing to life the brandā€™s vision in one of the UKā€™s top university cities, Vita Student at First Street is Manchesterā€™s first and only luxury student development. Upon its completion in 2014, Vita Student at First Street is set to rival not only the best student property in Manchester, but in the whole of the UK. For the investor, Vita Student at First Street represents an attractive proposition; the highest quality student development in an unparalleled location in the city with the largest student population in the UK. The first new build project in the brandā€™s portfolio, First Street has enabled Vita Student the freedom and imagination to create student accommodation tailored specifically to meet the high demands of its tenants. No aspect of the development has been overlooked to ensure that Vita Student at First Street achieves and retains its status as Manchesterā€™s most desirable student residence. Vita Student First Street, Manchester 0706 Visually striking, the buildingā€™s unique faƧade immediately sets it apart from its surroundings, establishing the building as a landmark within the Manchester cityscape. Its innovative design serves a functional purpose, a mixture of glazed and solid panels combine to allow natural light to fill the residences within yet offer privacy to their occupants. Luxury 1 bedroom studios with 9% minimum Net rental return assured for 2 years. From Ā£77,950
  • 6. 0908 Beyond the doors of its magnificent exterior, Vita Student at First Street is home to 279 individual luxury studios each offering the highest standard of student living.
  • 7. Designed with the student always in mind, while maintaining the style and finish of a luxury hotel, the studios of Vita Student at First Street are a world apart from standard student rooms. Generous in size, each studio is completely self-contained, with its own quality fitted kitchen and designer en-suite shower room offering its resident much sought-after privacy and their own sanctuary within a city centre development. With no compromise on the quality of materials used, contemporary and stylish interiors combine with meticulous attention to detail and sophisticated finishing touches to offer all the luxury and comfort expected from a premier development. Vita Student Vita Student living at First Street 1110 Luxury 1 bedroom studios with 9% minimum Net rental return assured for 2 years. From Ā£77,950
  • 8. 11 Vita Living continued. Standard specification Each self-contained studio is fully furnished and completed to the highest specification, comprising: Kitchen featuring lacquered cabinetry, Corian worktop, sink and fully integrated appliances including microwave, electric hob and fridge. En-suite shower room with boutique styling including porcelain tiles and designer ļ¬ttings. High quality durable furniture including bed, workstation, wardrobe units, bookcase, dining table and chairs. Free high-speed broadband. Wall hung ļ¬‚at screen LCD TV with built-in Freeview. Secure entrance doors. Finishing touches including lacquered cabinetry and furniture, Corian surfacing and porcelain tiling set the first street studios a world apart from standard student rooms. 1312 WINDOW BEDROOM ENTRANCE SHOWERROOM WARDROBES/STORAGECOOKINGHOB FLATSCREENTV MICROWAVEOVEN STUDYDESK KITCHEN/DINER BOOKCASE Typical Studio Floorplan Vita Student at First Street typical floors 1-10
  • 9. Expanding over the ground floor is the buildingā€™s state of the art communal area designed to play host to the vibrant Vita Student community. 14 15
  • 10. Offering complete security, upon entry to the building residents and visitors are welcomed in to a modern reception with 24-hour supervision. Beyond reception are three main communal zones equipped with cutting-edge facilities and designed to provide a focal point for residents outside their studios to meet and relax or an alternative place to study. A hotel-style lobby lounge equipped with LCD TVs where residents can meet and relax or browse the internet at designated stations on free-to-use Apple Macs. An area designated for study housing a mixture of individual workstations and group study booths to encourage collaborative learning. Upstairs to a raised mezzanine, residents will find a games area with pool tables and video game stations alongside the buildingā€™s very own gym, fully-equipped with state-of- the-art equipment. Laundry facilities are also housed on this level. Vita Student Vita community at First Street 1716 Ground & Mezzanine HUB STUDY NEST
  • 11. Spaces to inspire and engage Communal facilities in summary Vita Student residents will have access to a full suite of cutting edge facilities and services including: 24-hour security Hotel style lobby with 24-hour reception Internet stations with free-to-use Apple Macs Spacious lounge area with LCD TVs Individual study areas Shared working booths Fully-equipped state-of-the-art gymnasium Pool table area Video game stations Laundry room 1918
  • 12. @Vita Student occupies a prime position @within First Street, a Ā£750m regeneration @projec @ 20 21
  • 13. Vita Student is strategically positioned within First Street North; 500,000 sq ft of high-quality leisure, hotel and retail space all clustered around a state-of-the-art culture building and overlooking a fantastic new public realm that will stage outdoor theatre and music events. Set to become a cultural and social hub, First Street North will offer its residents a true sense of community - something particularly important for overseas students as they settle in to the UK. With the world class cultural and social amenities of First Street North on its doorstep, Vita Student offers its residents something no other location can. Whatā€™s more, First Street occupies one of the cityā€™s key gateways, providing students with easy access to everything the city centre has to offer and within walking distance of the universitiesā€™main campuses. Home to an exciting mix of culture, leisure, retail, office and residential spaces, First Street Manchester is destined to become the cityā€™s most vibrant new neighbourhood and the number one location for student living. First Street is set to become Manchesterā€™s most vibrant new neighbourhood, with a compelling blend of culture, leisure, retail and living space, all in a perfectly-located destination, rich in major amenity with excellent connectivity. A rich mix of bars, restaurants and retail outlets will combine to create a distinctive sense of place and vibrancy morning until night, seven days a week. Vita Student A first class location 22 23 MeliaHotel Culturecentre
  • 14. 1 2 3 4 5 7 9 NO. 1 FIRST 13 7 14 8 1 15 12 11 10 6 Aerial photograph of Manchester showing the location of Vita Student. 8 1. Vita Student at First Street, Manchester 2. Number 1 First Street 3. Home Cultural Centre 4. Melia Innside Hotel 5. Greater Manchester Exhibition Centre (GMEX) 6. City centre retail and business 7. Manchester Metropolitan University 8. Mancunian Way road network 9. First Street South 10. Residential / Liesure / Retail 11. Residential / Offices 12. Medlock Street 13. Manchester Student Village 14. Oxford Road Train Station 15. Oxford Road A first class location continued. 24 25
  • 15. First Street has been identified by Vita Student as a prime investment location with the following factors ensuring and maintaining high student occupancy and investor returns. Close to universities: First Street is located just 450 m from the Oxford Road corridor with access to the University of Manchester and just 300m from Manchester Metropolitan University. Excellent connectivity: A free city centre shuttle bus service stop, a Metrolink tram station opposite the main entrance, an exceptional road network, and two mainline rail stations in close proximity all combine to provide easy access to the rest of the city, the UK and beyond. World class amenities: As well as high-quality hotels, retail and leisure outlets, First Street will offer cultural attractions such as HOME - the centrepiece of First Street North and a brand new Ā£25 million production centre for international contemporary art, theatre and film, with a 500 seat theatre, gallery and cinema screens. Strong community offering: A unique combination of city centre living with cultural and social amenities will create a strong sense of community; sought after by overseas students. SPINNINGFIELDS WHITWORTH STREET LOWERMOSLEYSTREET MOSLEYSTREET WHITWORTHSTREET PORTLANDSTREET CHAPEL STREET TRINITYWAY CHAPEL STREET GREATANCOATSSTREET MILLERSTREET OLDHAMROAD IRWELLSTREET QUAY STREET NEW BAILEY STREET BLACKFRIARSROAD LIVERPOOL ROAD PETER STREET MARKETSTREET CROSSSTREET HIGHSTREET DALE STREET PICCADILY LONDONROAD DOWNING OXFORDSTREET PRINCESSSTREET OXFORDROAD HEDLOCKSTREET OXFORDROAD UPPERBROOKSTREET DEANSGATE MANCUNIANWAY ARNDALE CENTRE CHESTERROAD STREET Salford Central Victoria Station Piccadilly Station Material Science Centre Students Union National Computing Centre Great Northern GMEX Piccadilly Gardens St. Ann Square M M M M M M M PRINCESSSTREET CORPORATIONSTREET M M FAIRFIELD STREET Manchester City Football Club / Ethiad Stadium 2km Manchester United Football Club OldTrafford / Salford University 2km BBC Media City Vita Student Investor information 26 27 Maths & Social Sciences Building Ferranti Building Faraday Building BarnesWallis Building/ Studentsā€™Union University of Manchester Royal Northern College of Music Manchester Metropolitan University and Campus
  • 16. A historic university city Manchester is home to two of the five largest universities in Britain - The University of Manchester and Manchester Metropolitan University (MMU). The University of Manchester is a member of the prestigious Russell Group - a list of the UKā€™s top 24 universities - and an accolade that attracts thousands of students from all over the world. Placed 38th in the Academic Ranking of World Universities and number six in Europe, The University of Manchester aims to become one of the worldā€™s best 25 universities by 2020. It currently has 39,000 students who come from more than 180 countries and this number only looks set to increase. MMU is also a highly popular institute with more than 37,000 undergraduates and postgraduates. Receiving over 56,000 applications in 2011/12, MMU is one of the most applied-for education establishments in the UK, clearly demonstrating the desire for people to live and study in Manchester. Vita Student is a natural fit for Manchester, as its 100,000 students mean this is the perfect location for investors to capitalise on a continually thriving demand for high-quality student accommodation. Vita Student Manchester 28 29 ManchesterTownhall ManchesterMetropolitanUniversity With more than 100,000 students, Manchester has the greatest student population in the UK and the highest number of international students in Europe, with over 10,000 foreign students living in the city. At The University of Manchester, one in four students are from abroad, and Manchester Metropolitan University has more than 2,800 studens from 109 countries. Despite such a high number of international students living in Manchester, there is currently no high-quality student accommodation in the city centre built specifically with their needs in mind. By delivering Manchesterā€™s first luxury student residence, Vita Student will fill this gap and create a fantastic opportunity for investors to take advantage of the high demand for its properties.
  • 17. Despite more than 100,000 students, Manchester has just 30,000 student beds. Manchester Factfile Vita Student Manchester continued. 30 31 TheUniversityofManchester MMUCampus Vita Student at First Street - Ideal for investors One of the most compelling reasons to invest in student property in Manchester is the huge shortage of suitable accommodation in the city. Manchester has the biggest undersupply of student property in Europe, with 70% of students unable to access purpose-built student housing. Knight Frankā€™s Student Property 2012 report suggested there would be a move towards high-quality accommodation for university attendees as a result of the increase in UK tuition fees, which has made students ā€œhighly sophisticated consumersā€. However, traditional student accommodation options in the city are privately-owned shared houses in suburbssuch as Fallowfield, Rusholme and Moss Side and there is a lack of accommodation available for those looking for high-quality hotel-standard apartments. Vita Student at First Street will meet the demands of this group of students who want access to high-quality apartments and top facilities. The No.1 city for Chinese students The UK is becoming increasingly popular among Chinese students as a destination of study. Students from China make up over a third of all international students in the country, with a 17% rise in the last year alone. Manchester is home to the highest population of Chinese students in the UK, totaling over 3,000; 1,000 more than other university city. Home to Premiership football teams Manchester United and Manchester City Football Club The first industrial city in the UK and still one of Britainā€™s most important cities in the UK with regards to its economy, business, investment and cultural significance The University of Manchester is 180 years old, while MMU has a 150-year history, and both are among the most popular universities in the UK Manchester Airport has been named as the Best UK Airport in 2012 at the Travel Weekly Globe Awards and more than six million passengers use it every year Manchester was ranked in the top ten cities in Europe for its transport connections (Cushman & Wakefield European Cities Monitor 2011) due to its airport, Metrolink, motorway links, trains and buses. BeethamTower Luxury 1 bedroom studios with 9% Net minimum rental return assured for 2 years. From Ā£77,950
  • 18. Huntsmere Design & Development Multi award-winning, Huntsmere is one of the UKā€™s leading luxury residential developers with a track record for creating some of the finest properties in the most sought-after locations in the UK. Over the past few years Huntsmere has become the byword in luxury property development. From the construction of bespoke residences in green belt and conservation areas to the refurbishment of listed buildings and city centre structures, Huntsmere create intelligent and original living spaces with a relentless focus on the finished detail. Select Property Group Limited Master Sales & Marketing Partner Established in 2004, Select Property is one of the UKā€™s largest sellers of investment property having sold over Ā£1.4 billion worth of property in locations worldwide. Vita Student uses Select Propertyā€™s intuitive knowledge of the marketplace and property investorsā€™demands to shape and create Vita Studentā€™s attractive investment opportunities and its expertise and far reach to present them to the individual investor. Carillion Plc Construction Company Carillion is one of the UK's leading construction companies with a history spanning almost two centuries. Demonstrating its extensive expertise in construction and civil engineering, Carillion has worked on everything from hospitals to hotels, and from airports to industrial projects. As well as the construction contractors for Vita Student, Carillion is also responsible for delivering several of First Streetā€™s other major projects, following their successful completion of the developmentā€™s landmark building, Number One First Street, in 2010. Ask Developments Project Management Formed in 2000, Manchester-based Ask Developments has built an impressive reputation for spear-heading some of the regionā€™s most prolific regeneration projects. With its mission ā€™to create places where people want to be, Ask specialises in multi-partner developments involving highly creative and bold concepts. Having assembled an exciting commercially led portfolio of mixed-use schemes which includes the award-winning Deansgate Locks in Manchester, Ask is currently masterminding the entire First Street development. CRM Students Management Company and Rental Provider CRM Students is the UK's leading independent student accommodation manager with over six yearsā€™experience in operating purpose-built student property developments. Possessing expertise in both property management and student care, CRM Students operate a range of sites across the UK with thousands of units under its control. Bringing experience and trust to the market, CRM Students has forged strong relationships with universities, and has become a preferred supplier for quality student accommodation, and the preferred partner of Vita Student. Chafes Solicitors LPP Buyerā€˜s Solicitor Vita Student has selected Chafes, a leading UK law firm, and its experienced property team to offer purchasers their conveyancing services. Established in 1889, Chafes successfully mix traditional values with progressive thinking to provide their clients with high quality legal services and the best advice. Vita Student has worked with Chafes to create a tailor-made package for the purchase of its properties designed to minimise costs and ensure the legal process of purchasing a Vita Student property runs seamlessly. Huntsmere create intelligent and original living spaces with a relentless focus on the finished detail. Select Property Group Limited Master Sales & Marketing Partner Established in 2004, Select Property is one of the UKā€™s largest sess llers of investment property having sold over Ā£1.4 billion worth ooofooooo pproperty in locations worldwide. ViViViVitat SSStudent uses Select Propertyā€™s intuitive knowledge offf the mam rketetplaccace anana d prpp operty invvveseeee torsā€™demandnnn s to shaape andn createe ViVita Studeedentā€™ss attraactive investtmment opportut nities andn its eexpere tise annd far rereach to prresent them tot the individdual investtor. Carillion Pllccc Consstruction CCommpapp nyyy Carillion is onen of thththe UKUUUU 's'ssssss leaeadiiiingngnggnggggg conononononoonnono stttrurururururrr ctctctctctctctcc iiion compmppmppmppm aananaaanniees wiw th a historyy spannninininnggggg alalalalaa momomomm ststtsttttt tttttttttwowowowooowoo cccccceneeneenenene tuttttt riririririririesesesesesesese .. Demonstratinng itssss exe teeetensnnnsnsn ivive exexexeexpepepepepeepeepeep rtrrrtr iseeeee in ccccccconononnoonoonstructctctioioioiooonnnnnnnn aaana dd ciicivviv l eneneee gigineering, CCCarararililillill on has worked on everyththththththththiiiini g from hhhhhhhhhososo pitataaalss totottottoto hotttttteeels,s,s, and from airports to industriiialaaaa pppppprorrorrrrr jects. As welllllllllll aaaaas thtththhhee cooooonsnnnn trrucctititt onoo contractorss ffor Vita Studenenenennnt,ttt,ttt Carillion is alsoooooo resppppspoono sible for deliveringn several oooffffff FiFiFiFiFiFiF rrrst Streetā€™s other mmmmmmaaajajor projects, followwinini g their succcesesesssssssfsfsffsfsfs ul completion of the develooopmpmpmpmenene tā€™s lall ndmarkr buiuiuiiiiuildllldllll ing, Number One First StSSSSS reet, in 2010. Locks in Manchester, Ask is currently m First Street development. CRM Students Management Company and Rental Pro CRM Students is the UK's leading inde accocommodation manageg r with over s opoo erating purpose-built student prop PoPP ssessing expertise in both property cac re, CRM Students operate aa range o thtt ousands of units uunder its control. B tottt theh market, CRM Studentts has forg unu iversities, and hah s become a preferr studene t accommodatttioion, and the pre Studdddeent. Chaffffes Solicitiii ors LPP Buyerā€˜s Solicitor ViV ta SSSStudent hass sele ected ChC afes, a lea exe peerienced proppppperty team to offer p ses rvices. Established in 1889, Chafes s valuese with progreessive thinking to pr quqq aliti y legal seervices and the best adv wiithth Chafes to ccrerr ate aa tailor-made pa propppeeerties desigii ned to minimise costs prp ocesss of purchasinnng a Vita Student p Directed by the management teams behind the multi-award winning home builder, Huntsmere, and Select Property, the international property investment specialist,Vita Student brings together experts from across the industry to design, develop, manage and promote the UKā€™s best student accommodation projects. Vita Student The team behind Vita Student, Manchester 32 33
  • 19. How the scheme works for you Vita Student at First Street is a fully managed 7 year investment scheme allowing owners to enjoy all the benefits of a secure UK property investment with none of the hassle associated with managing the property or finding tenants. Working closely with the management company CRM Students, Vita Student will take care of the complete management of the properties; from general maintenance and dealing with service providers through to the securing of student tenants. When it comes to running costs, Vita Student operates an open-book policy to show how the net rental yield is arrived at. Rental return will be paid in termly instalments, with owners receiving their first payment in January 2015. With prices starting at Ā£77,950, Vita Student at First Street offers buyers a fully managed investment in the UKā€™s best student accommodation with a minimum annual rental return of 9% net for the first two years. Vita Student at First Street Payment Plan Ā£5,000 Deposit 25% Exchange of contracts 25% December 2013 Balance Completion How your yield is calculated Estimate based on an a property price of Ā£83,950 Shared general costs* Ā£1,353 Ground Rent Ā£350 Service charge** Ā£902 Total Expenses Ā£2,605 Weekly Rent: Ā£200 Number of Weeks: 51 Gross Annual Income: Ā£10,200 Net Annual Income: Ā£7,595 Net Yield: 9% Based on a purchase price of Ā£83,950. A demonstration of the return on investment (ROI) in three market conditions over 7 years. Year 3% Capital Growth 6% Net rental return 1 (9% assured rental) Ā£83,950 Ā£7,556 2 (9% assured rental) Ā£86,468 Ā£7,556 3 Ā£89,063 Ā£5,344 4 Ā£91,734 Ā£5,504 5 Ā£94,486 Ā£5,669 6 Ā£97,321 Ā£5,839 7 Ā£100,241 Ā£6,014 Total returns Ā£16,291 Ā£43,482 Cumulative ROI 71% Year 4% Capital Growth 9% Net rental return 1 (9% assured rental) Ā£83,950 Ā£7,556 2 (9% assured rental) Ā£87,308 Ā£7,556 3 Ā£90,800 Ā£8,172 4 Ā£94,432 Ā£8,499 5 Ā£98,210 Ā£8,839 6 Ā£102,138 Ā£9,192 7 Ā£106,224 Ā£9,560 Total returns Ā£22,274 Ā£59,373 Cumulative ROI 97% Year 5% Capital Growth 12% Net rental return 1 (9% assured rental) Ā£83,950 Ā£7,556 2 (9% assured rental) Ā£88,148 Ā£7,556 3 Ā£92,555 Ā£11,107 4 Ā£97,183 Ā£11,662 5 Ā£102,042 Ā£12,245 6 Ā£107,144 Ā£12,857 7 Ā£112,501 Ā£13,500 Total returns Ā£28,551 Ā£76,482 Cumulative ROI 125% Vita Student The investment 34 35 Investment timetable NOW Reservation completed and Ā£5000 reservation deposit paid. Solicitors instructed and contracts issued. Exchange of contracts. First instalment of 25% due MAY 2013 Construction of Vita Student First Street commences. NOVEMBER 2013 CRM Students commence marketing campaign to secure tenants for September 2014/15. DECEMBER 2013 Second instalment of 25% due. AUGUST 2014 Completion of Vita Student at First Street. Lease granted. 7-year scheme commences. SEPTEMBER 2014 Academic year begins and tenants move in. JANUARY 2015 First instalment of assured rental return is paid. ConservativePredictedBuoyant *General Costs include all staff, maintenance and operational running costs, as well as the management company's fee, deducted from pooled rental income. **Service Charge is the individual contribution towards managing the estate and keeping the building structure and common amenities in a good state of repair, paid annually by all owners under their lease. Providing buyers with full security, all payments are made via a UK solicitor.
  • 20. Please note that the information that we distribute is produced with great care and believed to be correct at the time of printing to the best of our knowledge. Pictures, layouts and other details in this brochure are given as a general guide and may change from time to time in accordance with the ļ¬nal designs of the development and appropriate planning permissions. We endeavour to ensure that any market forecasts we provide are accurate and well researched at all times, however we cannot ultimately warrant the accuracy of that information and cannot be held liable for any reliance you may make of or put on it except as speciļ¬cally agreed with us in any further agreement we may make with you in writing. Per info: GLOBINVEST IMMOBILIARE Mail. info@globinvestimmobiliare.it Tel. +39 334 9327318