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Tomorrows’ student accommodation today
Contents
Introducing Vita Student Property 01
Its mission, motivation and the impressive
team behind it.
Welcome to Vita Student at Crosshall 06
Vita Student’s latest project in the heart of
Liverpool city centre.
Vita Student living at Crosshall 10
Vita Student at Crosshall’s apartments, specification
and example floor layout.
Vita Student community at Crosshall 12
Communal spaces and facilities.
Vita Student Liverpool 16
The university city of Liverpool and why
it has been selected as a Vita Student location.
The team behind Vita Student 20
An introduction to Vita Student’s experienced
and award-winning team.
The investment at Crosshall 22
A fully managed investment with assured
rental returns and 6 year payment plan.
An overview of the UK student property market 26
The UK’s strongest performing asset class.
01
Student
property
unlike
anything
that has
gone
before //
Student Accommodation
Vita Student is a premium brand, the first of
its kind dedicated to designing, developing
and delivering the finest student residences
in the UK.
Recognising the shift in the higher
education market, Vita Student and its
award winning team is pioneering the
change in student property in locations
across the UK by creating exceptional
student residences of the highest standard
complete with first class facilities, unlike
anything that has gone before.
For the investor, Vita Student offers a hassle
free,fully managed property investment with
assured returns in the UK’s best student
accommodation projects.
02 03
VITA STUDENT IS CHANGING THE FACE OF
STUDENT PROPERTY IN KEY UK UNIVERSITY CITIES.
04 05
With the recent rise in tuition fees creating
strong competition amongst institutions to
attract students, universities are being
forced to focus more than ever on the
‘student experience’, including a significant
upgrade in the accommodation on offer.
Likewise, in return for the higher fees,
today’s students expect a high standard of
university living.
Furthermore, the lucrative overseas market,
where fees can be as much as double that
for domestic students, is a particular target
of universities, intensifying the demand for
first class facilities and living spaces.
The shake-up in UK higher education
funding means that students are now
recognised as consumers. Vita Student
properties are targeted at the growing
section of these consumers demanding a
higher standard of living which they are
prepared to pay higher rents for. Vita
Student properties have particular appeal
for final year, international and
post-graduate students.
Whilst the shift in the requirements of
students has been acknowledged by higher
education institutions, with reports
of plans for modernised buildings, ‘hotels on
campus’ and new facilities, the current
reality is a severe shortage of premium
quality accommodation. Projects recently
introduced to the market through the private
sector, that have been popular amongst
some investors, have so far still tended
towards a more standard level of
specification, leaving a gap for true high
end accommodation available to be
purchased by individuals, until now.
Vita Student is the first to offer individuals the chance to purchase
student property at a competitive price of a level of quality not
seen before. With the demand for high end student accommodation
considerably outweighing supply, this commodity sits at the top of
a growing market, making Vita Student an exciting property
investment opportunity.
Student accommodation in the UK is changing
Higher fees means higher demands from students:
Vita Student’s luxury student residences feature high
quality fixtures and fittings as standard.
An artist’s impression of the Vita Student Crosshall Street Development
06 07
Vita Student at Crosshall is a complete
refurbishment of the stunning 19th century
Crosshall building on Crosshall Street
which runs off the major route through
Liverpool city centre. Originally a printing
house, the Crosshall building is a reminder
of Liverpool’s rich heritage dating back to
the city’s era as a world-leading shipping
district.
The building’s façade represents the best
of Victorian architecture and is well-known
for its unique terracotta detailing. Vita
Student at Crosshall will retain these
original features and, combined with
modern yet complementary interiors, will
create a unique student residence full of
character.
Designed to become the premier address
in Liverpool for student living, Vita Student
at Crosshall realises Vita Student’s vision
and raises the bar of luxury student
accommodation in one of the UK’s most
exciting cities.
Vita Student is proud to introduce Vita
Student at Crosshall. The third and final
phase of a £27million redevelopment
project in the heart of Liverpool City
Centre, Vita Student at Crosshall follows
the success of Vita Student at The
Chapel and Vita Student at Tinlings.
Vita Student
at Crosshall //
Luxury one bedroom
Studio apartments from
£59,950
Retaining its original Victorian features, Vita Student at
Crosshall is a unique student residence, full of character.
08 09
Luxury student living: an artist’s impression of a studio in
Vita Student at Crosshall, design and layout by Huntsmere.
Apartment Specification
Each studio and suite has been comprehensively space-planned
to maximize the utility and efficiency of the spaces. Designed with
students in mind whilst maintaining the style and finish of a luxury
residence, all apartments are fully self-contained comprising:
• Kitchen featuring integrated microwave, electric hob,
fridge, sink and worktop area.
• En-suite shower room with boutique styling & designer fittings.
• Furniture pack including bed, workstation, wardrobe units,
bookcase, dining table and chairs.
• Free high-speed broadband.
• Wall hung flat screen TV with built-in Freeview.
• Secure entrance doors.
Typical Studio floorplan
Luxury one bedroom
Studio apartments from
Assured 9%* rental per
annum for the first 2 years.
* Based on the list price.
£59,950
WC/Shower
Bedroom
Desk
Kitchen
Lounge AreaTV
10 11
Vita Student living
at Crosshall //
Vita Student at Crosshall is home to
a choice of self-contained studios and
two-bedroom suites over six floors,
all fully furnished and completed to the
highest specification. Inside the
apartments contemporary design is
offset by large feature windows with
restored stone surrounds, maximising
the light and retaining the building’s
architectural heritage.
12 13
Vita Student
community
at Crosshall //
The basement level of Vita Student at
Crosshall joins with that of its neighbour
Vita Student at Tinlings to create a 6000
sqft state of the art community area.
Set around an atrium with views of its
courtyard, a collection of communal
zones with high-tech facilities come
together to create a modern and fresh
environment, set to become a thriving
hub of Vita Student residents and the
heartbeat of the buildings.
Spaces for work rest and play
As well as providing a focal point for Vita Student residents to meet and
relax in its spacious lounge area, the communal area of Crosshall includes
entertainment spaces housing pool tables and a video game station along
with a fitness centre featuring state of the art equipment. There are also
spaces designated for study with workstations and group study areas
including breakaway rooms to encourage collaborative learning.
Communal facilities
• 24 hour security
• Swipe card access
• Manned reception
• Lounge area with LCD TVs
• Internet stations
• Shared working areas
• 5 breakaway rooms
• Fully equipped, state of the art gym
• Pool table area
• Video game station
• Laundry room
14 15
Spaces to inspire and engage: an artist’s impression of the
communal area of Vita Student at Crosshall & Tinlings illustrating
the fantastic facilities available for Vita Student residents.
16 17
Located close to Crosshall, Liverpools main railway station at
Lime Street is a major hub to all the UK’s major cities. Retail
and leisure neighbour the Vita Student development at
Tinlings, with the famous Met Quarter only 2 minute walk away.
Vita Student at Crosshall is ideally situated for all major
transportation links, including air, road and rail. John
Lennon International Airport is only 20 minutes away by car.
Crosshall occupies a highly
prominent city centre location on
the edge of Liverpool’s Met Quarter
perfect for students within easy
reach of education, entertainment
and transport links. Very few
student projects enjoy such a
fantastic location, ensuring a great
reception from Crosshalls’ residents
who will enjoy convenient access to
the entire city.
Represents a 1km radius approx.
Crosshall
location map //
18 19
Vita Student
Liverpool //
In order to select the best locations for its
projects, Vita Student pinpoints university
cities where there is an identified demand for
high quality student accommodation to
ensure high occupancy and maximized
returns for Vita Student owners.
The city of Liverpool currently represents one
of the best student property investment
opportunities in the UK and was chosen
by Vita student for its sold out development
‘The Chapel’, and now for Tinlings.
With over 50,000 students, Liverpool is
one of the largest universities in the UK
and with 6,000 of this number coming
from overseas, is one of the most popular
amongst international students. In
comparison, there remains a substantial
undersupply of purpose-built student property
in Liverpool creating an optimum buy-to-let
environment for investors who can take
advantage of this high demand with the
potential for strong returns.
What’s more, with no other accommodation in
Liverpool offering the same level of quality
and prestige, Vita Student’s developments are
set to become the most sought after student
property in Liverpool.
Liverpool has been reported as one of the
highest yielding cities in the UK for student
property - rental rates for student property in
Liverpool increased by13% in 2010 compared
to the national average of 5%. Knight Frank
Vita Student’s Liverpool projects are within a 4 minute walk
from Liverpool’s stunning new retail centre Liverpool 1.
A leading university city.
The 2012 Knight Frank Student Property
Report states that investment in towns which
have more than one university with a high
density of students can be the most
profitable. The city of Liverpool certainly fits
this profile with three of the UK’s leading
universities all within close proximity; the
University of Liverpool, Liverpool John
Moores and Liverpool Hope University. Also
in Liverpool are the highly regarded
Liverpool International Language Academy
(LILA), Liverpool Institute of Performing Arts
(LIPA) as well as the Liverpool School of
Tropical Medicine, the first of its kind in the
world with students from over 50 countries.
International Students in Liverpool
International students make up over
10% of the student population in Liverpool
which is set to increase with the number
of overseas students in UK universities
predicted to rise by a further 10% this
decade (British Council 2012).
In particular, Liverpool has a long history
of connections with China, being home to the
largest Chinese community in Europe. The
University of Liverpool also has
a partner university in China with an
exchange programme in place driving
further numbers of Chinese students to
Liverpool.
Built on an illustrious heritage that
stretches back 800 years, Liverpool
has a global reputation for sport, music
and architecture. Following its reign as
the European Capital of Culture in
2008, Liverpool is enjoying
unparalleled cultural, financial
investment and growth.
Liverpool has grown faster than any UK
city outside London with more than
£4bn of private and public investment
since 2000.
Liverpool's cultural wealth has long
been a major attraction with more
museums, theatres, galleries and listed
buildings than in any other region
outside London.
Liverpool is one of the UK’s top five
retail destinations and a UNESCO
World Heritage Site for its impressive
waterfront.
Home to two Premiership football
teams; Liverpool and Everton Football
Clubs.
Birthplace of The Beatles!
LIVERPOOL
FACTFILE
Historic architecture blends with contemporary
multi-million pound developments such as the
incredible Museum of Liverpool.
As well as its heritage and architecture Liverpool
is home to a number of iconic locations as well as
being made famous by the Beatles.
20 21
The team
behind
Vita Student //
04
05
nt //
Vita Student brings together experts from
across the industry to design and develop,
promote and manage its highly desirable
student residences that deliver a secure, fully-
managed and rewarding investment to
Vita Student property owners.
03 02
01
Huntsmere // 01
Project Management and Design
Multi award-winning, Huntsmere is one of the
UK’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.
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.
In the last 18 months alone, Huntsmere has
delivered a portfolio of more than £20m of
completed homes to their clients and has
pipeline projects exceeding a further £60m.
CRM Students // 02
Management Company and Rental Provider
CRM Students is the UK's leading
independent student accommodation
manager with over six years’ experience in
managing purpose-built student property
developments
Possessing expertise in both property
management and student care, CRM operate
a range of sites across the UK with thousands
of units under its control. CRM Students has
forged strong relationships with universities,
and has become a preferred supplier for
quality student accommodation; bringing
experience and trust to the market.
Russells Construction // 03
Construction of Vita Student’s
Liverpool projects
Russells Construction is one of the North
West's most recognised main contractors,
undertaking new build and refurbishment
projects for some of the largest developers
across the region.
Having amassed a portfolio of clients
spanning the commercial, industrial, retail,
leisure and residential sectors including big
names such as Peel Holdings, Holiday Inn,
and RoK, Russells has a wealth of
experience and a strong track-record of
delivering high quality, large scale schemes
from hotels and multi-storey office towers to
retail and industrial parks.
Chafes Solicitors LLP // 04
Buyers’ solicitor for Vita Student’s
Liverpool projects
Vita Student has selected Chafes, a leading
UK law firm, and its experienced property
team to offer Vita Student 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 optional for Vita
Student purchasers designed to minimise
costs and ensure the legal process of
purchasing a Vita Student property runs
seamlessly.
Select Property Group Limited // 05
Master Sales and Marketing Partner
Established in 2004, Select Property is one of
the UK’s largest sellers of investment
property having sold over £1.4 billion worth
of property in locations worldwide.
Vita Student uses Select Property’s intuitive
knowledge of the marketplace and property
investors’ demands to shape and create Vita
Student’s attractive investment opportunities,
and its expertise and far reach to present
them to the individual investor.
Vita Student at Crosshall
Build and Design Team
Project management & Design
Huntsmere
Main Contractor
Russells Construction
Architect
NC Homes Architects
Mechanical & Electrical
Engineers/SBEM:
REDS Building services Consultants
Structural Engineers (also
coordinating Below-Ground
Drainage):
BDI Structural Solutions
CDMC
AM Safety Specialists Ltd.
Building Survey
JLP Design (UK) Ltd
Building Control
Aedis Regulatory Services Ltd
Fire Strategy Engineers
Omega Fire Engineering
22 23
With prices starting from £59,950,
Vita Student at Crosshall presents an
affordable, fully managed investment
offering buyers a minimum annual
rental return of 9% net for the first
two years.
A unique
investment
opportunity //
Net minimum
annual rental
return*
Assured for 2 years.
Year fully
managed
scheme
From rentals to ongoing
maintenance, everything
is taken care of.
9%
7
Year non status
payment plan
available
Only 50% required up to
March 2014. Then
quarterly payments
over 6 years.
6
How your yield
is calculated
Estimate based on an example
list price of £64,950
Minimum 9% Net
yield is assured for
the first 2 years.*
Weekly Rent: £165
Number of Weeks: 51
Gross Annual Income: £8,415
Running Costs: £1,500
Ground Rent: £350
Management Fees: £505
Total Expenses: £2,355
Net Annual Income: £6,060
Net Yield: 9%
How the scheme works
Vita Student at Crosshall is a fully managed
7 year investment scheme. 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 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 return is derived.
Rental return will be paid to Vita Student
owners in termly instalments.
Vita Student at Crosshall Payment plans
Vita Student is the first to offer student property investors the option of a 6 year
non-status payment plan**. With only 50% of the list price required prior to March
2014, investors on the 6 year plan then pay the balance in fixed quarterly instalments.
Alternatively, investors can opt for the standard plan and pay the remaining balance
on completion:
Standard
Payment
Plan
6 Year
Payment
Plan
£5000 Deposit
25% Exchange of contracts
25% November 2013
(minus £5000 deposit)
50% Completion
£5000 Deposit
25%* Exchange of contracts
25%* November 2013
(minus £5000 deposit)
20 Quarterly payments over 6
years starting 1st March 2014
Providing investors with security, all payments are made to a UK solicitor.
*Based on list price of property. Purchasers on the 6 Year Payment Plan will receive 8.33% net
minimum annual return for the first 2 years.
**The purchase price of properties on the 6 Year Payment Plan includes an increased premium
of 8.1% above the standard list price which can be reduced by early settlement at any time.
24 25
INVESTMENT
TIMELINE
Year
1 (9% Assured Rental)
2 (9% Assured Rental)
3
4
5
6
7
Total Returns
Cumulative ROI
4% Capital Growth 9% Net Rental Return
£64,950 £5,846
£67,548 £5,846
£70,250 £6,332
£73,060 £6,575
£75,982 £6,838
£79,022 £7,112
£82,182 £7,396
£17,232 £45,936
97%
3% Capital Growth 6% Net Rental Return
£64,950 £5,846
£66,898 £5,846
£68,905 £4,134
£70,973 £4,258
£73,102 £4,386
£75,295 £4,518
£77,554 £4,653
£12,604 £33,641
71%
Year
1 (9% Assured Rental)
2 (9% Assured Rental)
3
4
5
6
7
Total Returns
Cumulative ROI
5% Capital Growth 12% Net Rental Return
£64,950 £5,846
£68.198 £5,846
£71,607 £8,593
£75,188 £9,023
£78,947 £9,474
£82,894 £9,947
£87,039 £10,445
£22,089 £59,172
125%
Year
1 (9% Assured Rental)
2 (9% Assured Rental)
3
4
5
6
7
Total Returns
Cumulative ROI
Based on an example list price of £64,950.
Conservative
Predicted
Buoyant
A demonstration of the return on
investment (ROI) on a typical studio
in Vita Student at Crosshall in three
market conditions; conservative,
predicted and buoyant based on
figures from the Knight Frank 2011
Student Housing Report.
7 year
investment
forecast // Now
Reservation completed and £5000
reservation deposit paid.
Solicitors instructed and contracts
issued.
Exchange of contracts.
First instalment of 25% due
September 2012
Construction on Vita Student at
Crosshall commences.
March 2013
CRM Students commence active
marketing campaign to secure
tenants for September 2014.
November 2013
Second instalment of 25% due
(minus £5,000 reservation deposit)
March 2014
Quarterley instalments start for
6 year payment plan.
July 2014
Completion of Crosshall building.
Final instalment due for standard
payment plan.
Lease granted.
7 year scheme commences.
September 2014
Tenants move in.
January 2015
First instalment of assured
rental return is paid.
26 27
“It has outperformed every other
commercial property class and
delivered consistent returns throughout
the economic downturn.”
The fact that UK studentn
accommodation has thrived over ther e
past two years, rapidly outpacing thet
UK’s conventional property market,e y
has not gone unnoticed. In fact its fastd n
growth and investment strength hase
been so prolific that in January 2012,J n
The Times ranked studente t
accommodation as the top asset classp
in the UK’s property market.a e
Knight Frank’s 2012 student propertye
report added to the accolades, stating:c a
An overviewAn overview
of theo UK studentUUK stude
property marketty markee //
The Student Property Market
When compared with other residential
and commercial property, student
property stands out as consistently
offering higher returns for investors. 2010
saw student property offering annual
average returns of 13.5% in
a market where commercial property
grew by just 8% and standard residential
property fell in value by 1.3%.
Average returns across the UK were
11.5% in 2011 and Knight Frank expects
total returns from student property to
increase in 2012 to 12% with rental yields
growing by 5%.
James Pullan, head of student property,
Knight Frank, says: “There is a large
structural undersupply of student
accommodation in the UK”.
“There is still strong and as yet unmet
demand for properties offered to
students for rents of less than £200
a week, offering investors a good
opportunity in the coming years.”
“New funding arrangements will come in
September 2012 when tuition fees of up
to £9,000 a year are introduced. However
all the early indicators suggest that once
again there will be more applications
than places offered.”
The best performing
asset in the UK property
market. The Times
Past returns from Student Accommodation*
Average studio rent £178
Average en-suite rent for 2010/11 £112
Average rental change (year to December 2010) 2%
Average capital value charge (year to December 2010) 7%
Rental yield (December 2010) 6%
Total Annual Return 2010 13%
Total Annual Return 2011 11.5%
Forecast Annual Return 2012 12%
* Source: Knight Frank Student Housing Report.
28 29
Demand at all time high
The popularity of student accommodation
amongst investors is ultimately driven by
consistent occupancy rates of 99% or
higher and a structural undersupply.
Demand for purpose built student rooms
amongst students is extremely high
meaning average rental rates have risen
year on year, increasing by 34% between
2005 and 2010.
The strongest performance in student
accommodation so far has naturally been
centred around the most popular university
towns and cities. Durham, Cardiff,
Birmingham, Liverpool and Nottingham are
all good examples of where residential
property prices are relatively low yet rental
rates are rapidly increasing due to the
popularity of the local universities and the
number of students attending them.
Investors have not been slow to catch on
and are capitalising on this. As a result
investment in UK student accommodation
has boomed over the last few years. CBRE,
a world leading real estate adviser, recently
released a report that stated £863 million
was invested into student accommodation
in 2011.
This figure represents a significant increase
of £93 million compared with 2010 and
a staggering 120% increase on the amount
invested in 2009.
This growth trend is certainly continuing
with CBRE’s 2012 Q1 report highlighting
that £246 million has already been invested
into the student housing sector during the
first quarter of this year. If this rate
continues student accommodation
investment will be 12% higher than last
year.
The Future
The face of the UK university education
and, consequently, the student
accommodation market is changing.
Currently there is extremely high demand to
attend university - a demand that far
out-strips supply. In 2010 there were over
700,000 applications for just 490,000
university places.
This demand looks set to continue
particularly in top-flight university cities.
Knight Frank reports on a ‘flight to quality’,
with students seeking the best courses for
their fees. This shift in turn is predicted to
translate on to the student property market
in the form of an increased demand for
a higher standard of student
accommodation.
AEGON Asset Management’s Kames
Capital believes there are huge
opportunities for those investing in the
sector. Its head of property investment,
Phil Clark, said: “The alternative property
sectors could offer some attractive
opportunities in 2012.
"In particular I believe investors should
consider a greater exposure to alternative
sectors such as residential property,
student accommodation or healthcare
property. One of the key attractions of these
alternative sectors is they generally have a
high income yield, an ability to track
inflation and have low vacancy rates.”
"Student accommodation demand for the
best universities is leading to typical annual
vacancy rates of less than 2 per cent."
But that is not all. The growth in university
applications has been significantly
influenced by a rise in overseas students
which is predicted to increase even more in
the next academic year.
In 2010 the number of overseas students
applying to UK universities increased by
12.5%, and there were even more in 2011.
Experts have cited the appeal lies with the
quality of university education in the UK and
competitive tuition fees on a global scale.
Knight Frank believes the demand is going
to keep on growing. Its 2011 student
property report states: “Clearly, a UK
university education continues to be held in
high esteem around the world and this
demand is set to expand exponentially in
line with global wealth generation. The
number of UK universities, by comparison,
is a finite resource and looks set to remain
so as government budgets are
constrained.”
Student demand for university places
exceeds supply. UCAS
700,000
600,000
500,000
400,000
300,000
200,000
100,000
0
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
Source: UCAS
Surplus demand Accepted applicants
In light of the recent increase in university
tuition fees, this growing trend looks set to
continue. The Sunday Times explained this
is because “overseas students have
a different fees scale and are less affected
by the changes”. While higher fees may
deter some domestic undergraduates and
reduce applications, the amount of
overseas students are not only forecast to
remain unaffected, but are likely to increase.
With numbers of EU and domestic students
capped, universities are extremely keen to
market themselves on an international scale
to attract more overseas students. This
affects the higher end of the student
accommodation market as overseas
students have a higher tendency to choose
quality purpose built accommodation for ba
number of reasons including security,
location and facilities.
Like overseas students, mature students
also opt for higher quality student
accommodation usually within private,
purpose built developments and represent
a growing demographic as Knight Frank’s
2011 student property report explains:
“Changes in the way that higher education
is provided in the UK will change the face
of the student population. With universities
under increasing pressure to provide more
two-year degrees and work-based learning
(particularly in professions such as
surveying, accountancy, business and
media), the number of mature, part-time
and post-graduate students is likely to
increase significantly, as is the average age
of students.”
In conclusion, the growth in the UK student
property market over recent years and its
generation of strong yields for investors has
been well documented. However, several
key factors including the increase in tuition
fees and rising number of international and
mature students has identified a shortage
in the market of accommodation of a higher
quality. With research suggesting that
demand from students only looks likely to
increase, investment in luxury student
property now could prove highly lucrative
for the savvy investor.
Source: UK Higher Education
International Unit / i-graduate
USA
Australia
UK
Canada
Singapore
New Zealand
Netherlands
Malaysia
China
Germany
0 5 10 15 20£,000
Country rankings - average annual
tuition fees for overseas students
USA 20%
UK 12%
France 8%
China 7%
Australia 7%
Germany 7%
Canada 5%
Japan 4%
All Others 30%
Top host countries
of international students 2010
Source: Atlas of student mobility,
Institution of International Education
USA
Others
UK
Fr
ChAuGe
Ca
Ja
Source: UCAS
EU (ex.Eire)
Hong Kong
Far East (ex HK/Mal)
Malaysia
Middle East
Australasia
Other Overseas
Europe (ex EU)
Americas
Africa
-5 0 5 10 15 20 25
Percentage change in international
applicants to UK higher education
institutions
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 final 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 specifically agreed with us in any further agreement we may make with you in writing.
www.vitastudent.com
Per info:
GLOBINVEST Immobiliare
info@globinvestimmobiliare.it
Tel.  39 334 9327318

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Depilat crosshall glo 1

  • 2. Contents Introducing Vita Student Property 01 Its mission, motivation and the impressive team behind it. Welcome to Vita Student at Crosshall 06 Vita Student’s latest project in the heart of Liverpool city centre. Vita Student living at Crosshall 10 Vita Student at Crosshall’s apartments, specification and example floor layout. Vita Student community at Crosshall 12 Communal spaces and facilities. Vita Student Liverpool 16 The university city of Liverpool and why it has been selected as a Vita Student location. The team behind Vita Student 20 An introduction to Vita Student’s experienced and award-winning team. The investment at Crosshall 22 A fully managed investment with assured rental returns and 6 year payment plan. An overview of the UK student property market 26 The UK’s strongest performing asset class. 01 Student property unlike anything that has gone before // Student Accommodation Vita Student is a premium brand, the first of its kind dedicated to designing, developing and delivering the finest student residences in the UK. Recognising the shift in the higher education market, Vita Student and its award winning team is pioneering the change in student property in locations across the UK by creating exceptional student residences of the highest standard complete with first class facilities, unlike anything that has gone before. For the investor, Vita Student offers a hassle free,fully managed property investment with assured returns in the UK’s best student accommodation projects.
  • 3. 02 03 VITA STUDENT IS CHANGING THE FACE OF STUDENT PROPERTY IN KEY UK UNIVERSITY CITIES.
  • 4. 04 05 With the recent rise in tuition fees creating strong competition amongst institutions to attract students, universities are being forced to focus more than ever on the ‘student experience’, including a significant upgrade in the accommodation on offer. Likewise, in return for the higher fees, today’s students expect a high standard of university living. Furthermore, the lucrative overseas market, where fees can be as much as double that for domestic students, is a particular target of universities, intensifying the demand for first class facilities and living spaces. The shake-up in UK higher education funding means that students are now recognised as consumers. Vita Student properties are targeted at the growing section of these consumers demanding a higher standard of living which they are prepared to pay higher rents for. Vita Student properties have particular appeal for final year, international and post-graduate students. Whilst the shift in the requirements of students has been acknowledged by higher education institutions, with reports of plans for modernised buildings, ‘hotels on campus’ and new facilities, the current reality is a severe shortage of premium quality accommodation. Projects recently introduced to the market through the private sector, that have been popular amongst some investors, have so far still tended towards a more standard level of specification, leaving a gap for true high end accommodation available to be purchased by individuals, until now. Vita Student is the first to offer individuals the chance to purchase student property at a competitive price of a level of quality not seen before. With the demand for high end student accommodation considerably outweighing supply, this commodity sits at the top of a growing market, making Vita Student an exciting property investment opportunity. Student accommodation in the UK is changing Higher fees means higher demands from students: Vita Student’s luxury student residences feature high quality fixtures and fittings as standard. An artist’s impression of the Vita Student Crosshall Street Development
  • 5. 06 07 Vita Student at Crosshall is a complete refurbishment of the stunning 19th century Crosshall building on Crosshall Street which runs off the major route through Liverpool city centre. Originally a printing house, the Crosshall building is a reminder of Liverpool’s rich heritage dating back to the city’s era as a world-leading shipping district. The building’s façade represents the best of Victorian architecture and is well-known for its unique terracotta detailing. Vita Student at Crosshall will retain these original features and, combined with modern yet complementary interiors, will create a unique student residence full of character. Designed to become the premier address in Liverpool for student living, Vita Student at Crosshall realises Vita Student’s vision and raises the bar of luxury student accommodation in one of the UK’s most exciting cities. Vita Student is proud to introduce Vita Student at Crosshall. The third and final phase of a £27million redevelopment project in the heart of Liverpool City Centre, Vita Student at Crosshall follows the success of Vita Student at The Chapel and Vita Student at Tinlings. Vita Student at Crosshall // Luxury one bedroom Studio apartments from £59,950 Retaining its original Victorian features, Vita Student at Crosshall is a unique student residence, full of character.
  • 6. 08 09 Luxury student living: an artist’s impression of a studio in Vita Student at Crosshall, design and layout by Huntsmere.
  • 7. Apartment Specification Each studio and suite has been comprehensively space-planned to maximize the utility and efficiency of the spaces. Designed with students in mind whilst maintaining the style and finish of a luxury residence, all apartments are fully self-contained comprising: • Kitchen featuring integrated microwave, electric hob, fridge, sink and worktop area. • En-suite shower room with boutique styling & designer fittings. • Furniture pack including bed, workstation, wardrobe units, bookcase, dining table and chairs. • Free high-speed broadband. • Wall hung flat screen TV with built-in Freeview. • Secure entrance doors. Typical Studio floorplan Luxury one bedroom Studio apartments from Assured 9%* rental per annum for the first 2 years. * Based on the list price. £59,950 WC/Shower Bedroom Desk Kitchen Lounge AreaTV 10 11 Vita Student living at Crosshall // Vita Student at Crosshall is home to a choice of self-contained studios and two-bedroom suites over six floors, all fully furnished and completed to the highest specification. Inside the apartments contemporary design is offset by large feature windows with restored stone surrounds, maximising the light and retaining the building’s architectural heritage.
  • 8. 12 13 Vita Student community at Crosshall // The basement level of Vita Student at Crosshall joins with that of its neighbour Vita Student at Tinlings to create a 6000 sqft state of the art community area. Set around an atrium with views of its courtyard, a collection of communal zones with high-tech facilities come together to create a modern and fresh environment, set to become a thriving hub of Vita Student residents and the heartbeat of the buildings. Spaces for work rest and play As well as providing a focal point for Vita Student residents to meet and relax in its spacious lounge area, the communal area of Crosshall includes entertainment spaces housing pool tables and a video game station along with a fitness centre featuring state of the art equipment. There are also spaces designated for study with workstations and group study areas including breakaway rooms to encourage collaborative learning. Communal facilities • 24 hour security • Swipe card access • Manned reception • Lounge area with LCD TVs • Internet stations • Shared working areas • 5 breakaway rooms • Fully equipped, state of the art gym • Pool table area • Video game station • Laundry room
  • 9. 14 15 Spaces to inspire and engage: an artist’s impression of the communal area of Vita Student at Crosshall & Tinlings illustrating the fantastic facilities available for Vita Student residents.
  • 10. 16 17 Located close to Crosshall, Liverpools main railway station at Lime Street is a major hub to all the UK’s major cities. Retail and leisure neighbour the Vita Student development at Tinlings, with the famous Met Quarter only 2 minute walk away. Vita Student at Crosshall is ideally situated for all major transportation links, including air, road and rail. John Lennon International Airport is only 20 minutes away by car. Crosshall occupies a highly prominent city centre location on the edge of Liverpool’s Met Quarter perfect for students within easy reach of education, entertainment and transport links. Very few student projects enjoy such a fantastic location, ensuring a great reception from Crosshalls’ residents who will enjoy convenient access to the entire city. Represents a 1km radius approx. Crosshall location map //
  • 11. 18 19 Vita Student Liverpool // In order to select the best locations for its projects, Vita Student pinpoints university cities where there is an identified demand for high quality student accommodation to ensure high occupancy and maximized returns for Vita Student owners. The city of Liverpool currently represents one of the best student property investment opportunities in the UK and was chosen by Vita student for its sold out development ‘The Chapel’, and now for Tinlings. With over 50,000 students, Liverpool is one of the largest universities in the UK and with 6,000 of this number coming from overseas, is one of the most popular amongst international students. In comparison, there remains a substantial undersupply of purpose-built student property in Liverpool creating an optimum buy-to-let environment for investors who can take advantage of this high demand with the potential for strong returns. What’s more, with no other accommodation in Liverpool offering the same level of quality and prestige, Vita Student’s developments are set to become the most sought after student property in Liverpool. Liverpool has been reported as one of the highest yielding cities in the UK for student property - rental rates for student property in Liverpool increased by13% in 2010 compared to the national average of 5%. Knight Frank Vita Student’s Liverpool projects are within a 4 minute walk from Liverpool’s stunning new retail centre Liverpool 1. A leading university city. The 2012 Knight Frank Student Property Report states that investment in towns which have more than one university with a high density of students can be the most profitable. The city of Liverpool certainly fits this profile with three of the UK’s leading universities all within close proximity; the University of Liverpool, Liverpool John Moores and Liverpool Hope University. Also in Liverpool are the highly regarded Liverpool International Language Academy (LILA), Liverpool Institute of Performing Arts (LIPA) as well as the Liverpool School of Tropical Medicine, the first of its kind in the world with students from over 50 countries. International Students in Liverpool International students make up over 10% of the student population in Liverpool which is set to increase with the number of overseas students in UK universities predicted to rise by a further 10% this decade (British Council 2012). In particular, Liverpool has a long history of connections with China, being home to the largest Chinese community in Europe. The University of Liverpool also has a partner university in China with an exchange programme in place driving further numbers of Chinese students to Liverpool. Built on an illustrious heritage that stretches back 800 years, Liverpool has a global reputation for sport, music and architecture. Following its reign as the European Capital of Culture in 2008, Liverpool is enjoying unparalleled cultural, financial investment and growth. Liverpool has grown faster than any UK city outside London with more than £4bn of private and public investment since 2000. Liverpool's cultural wealth has long been a major attraction with more museums, theatres, galleries and listed buildings than in any other region outside London. Liverpool is one of the UK’s top five retail destinations and a UNESCO World Heritage Site for its impressive waterfront. Home to two Premiership football teams; Liverpool and Everton Football Clubs. Birthplace of The Beatles! LIVERPOOL FACTFILE Historic architecture blends with contemporary multi-million pound developments such as the incredible Museum of Liverpool. As well as its heritage and architecture Liverpool is home to a number of iconic locations as well as being made famous by the Beatles.
  • 12. 20 21 The team behind Vita Student // 04 05 nt // Vita Student brings together experts from across the industry to design and develop, promote and manage its highly desirable student residences that deliver a secure, fully- managed and rewarding investment to Vita Student property owners. 03 02 01 Huntsmere // 01 Project Management and Design Multi award-winning, Huntsmere is one of the UK’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. 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. In the last 18 months alone, Huntsmere has delivered a portfolio of more than £20m of completed homes to their clients and has pipeline projects exceeding a further £60m. CRM Students // 02 Management Company and Rental Provider CRM Students is the UK's leading independent student accommodation manager with over six years’ experience in managing purpose-built student property developments Possessing expertise in both property management and student care, CRM operate a range of sites across the UK with thousands of units under its control. CRM Students has forged strong relationships with universities, and has become a preferred supplier for quality student accommodation; bringing experience and trust to the market. Russells Construction // 03 Construction of Vita Student’s Liverpool projects Russells Construction is one of the North West's most recognised main contractors, undertaking new build and refurbishment projects for some of the largest developers across the region. Having amassed a portfolio of clients spanning the commercial, industrial, retail, leisure and residential sectors including big names such as Peel Holdings, Holiday Inn, and RoK, Russells has a wealth of experience and a strong track-record of delivering high quality, large scale schemes from hotels and multi-storey office towers to retail and industrial parks. Chafes Solicitors LLP // 04 Buyers’ solicitor for Vita Student’s Liverpool projects Vita Student has selected Chafes, a leading UK law firm, and its experienced property team to offer Vita Student 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 optional for Vita Student purchasers designed to minimise costs and ensure the legal process of purchasing a Vita Student property runs seamlessly. Select Property Group Limited // 05 Master Sales and Marketing Partner Established in 2004, Select Property is one of the UK’s largest sellers of investment property having sold over £1.4 billion worth of property in locations worldwide. Vita Student uses Select Property’s intuitive knowledge of the marketplace and property investors’ demands to shape and create Vita Student’s attractive investment opportunities, and its expertise and far reach to present them to the individual investor. Vita Student at Crosshall Build and Design Team Project management & Design Huntsmere Main Contractor Russells Construction Architect NC Homes Architects Mechanical & Electrical Engineers/SBEM: REDS Building services Consultants Structural Engineers (also coordinating Below-Ground Drainage): BDI Structural Solutions CDMC AM Safety Specialists Ltd. Building Survey JLP Design (UK) Ltd Building Control Aedis Regulatory Services Ltd Fire Strategy Engineers Omega Fire Engineering
  • 13. 22 23 With prices starting from £59,950, Vita Student at Crosshall presents an affordable, fully managed investment offering buyers a minimum annual rental return of 9% net for the first two years. A unique investment opportunity // Net minimum annual rental return* Assured for 2 years. Year fully managed scheme From rentals to ongoing maintenance, everything is taken care of. 9% 7 Year non status payment plan available Only 50% required up to March 2014. Then quarterly payments over 6 years. 6 How your yield is calculated Estimate based on an example list price of £64,950 Minimum 9% Net yield is assured for the first 2 years.* Weekly Rent: £165 Number of Weeks: 51 Gross Annual Income: £8,415 Running Costs: £1,500 Ground Rent: £350 Management Fees: £505 Total Expenses: £2,355 Net Annual Income: £6,060 Net Yield: 9% How the scheme works Vita Student at Crosshall is a fully managed 7 year investment scheme. 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 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 return is derived. Rental return will be paid to Vita Student owners in termly instalments. Vita Student at Crosshall Payment plans Vita Student is the first to offer student property investors the option of a 6 year non-status payment plan**. With only 50% of the list price required prior to March 2014, investors on the 6 year plan then pay the balance in fixed quarterly instalments. Alternatively, investors can opt for the standard plan and pay the remaining balance on completion: Standard Payment Plan 6 Year Payment Plan £5000 Deposit 25% Exchange of contracts 25% November 2013 (minus £5000 deposit) 50% Completion £5000 Deposit 25%* Exchange of contracts 25%* November 2013 (minus £5000 deposit) 20 Quarterly payments over 6 years starting 1st March 2014 Providing investors with security, all payments are made to a UK solicitor. *Based on list price of property. Purchasers on the 6 Year Payment Plan will receive 8.33% net minimum annual return for the first 2 years. **The purchase price of properties on the 6 Year Payment Plan includes an increased premium of 8.1% above the standard list price which can be reduced by early settlement at any time.
  • 14. 24 25 INVESTMENT TIMELINE Year 1 (9% Assured Rental) 2 (9% Assured Rental) 3 4 5 6 7 Total Returns Cumulative ROI 4% Capital Growth 9% Net Rental Return £64,950 £5,846 £67,548 £5,846 £70,250 £6,332 £73,060 £6,575 £75,982 £6,838 £79,022 £7,112 £82,182 £7,396 £17,232 £45,936 97% 3% Capital Growth 6% Net Rental Return £64,950 £5,846 £66,898 £5,846 £68,905 £4,134 £70,973 £4,258 £73,102 £4,386 £75,295 £4,518 £77,554 £4,653 £12,604 £33,641 71% Year 1 (9% Assured Rental) 2 (9% Assured Rental) 3 4 5 6 7 Total Returns Cumulative ROI 5% Capital Growth 12% Net Rental Return £64,950 £5,846 £68.198 £5,846 £71,607 £8,593 £75,188 £9,023 £78,947 £9,474 £82,894 £9,947 £87,039 £10,445 £22,089 £59,172 125% Year 1 (9% Assured Rental) 2 (9% Assured Rental) 3 4 5 6 7 Total Returns Cumulative ROI Based on an example list price of £64,950. Conservative Predicted Buoyant A demonstration of the return on investment (ROI) on a typical studio in Vita Student at Crosshall in three market conditions; conservative, predicted and buoyant based on figures from the Knight Frank 2011 Student Housing Report. 7 year investment forecast // Now Reservation completed and £5000 reservation deposit paid. Solicitors instructed and contracts issued. Exchange of contracts. First instalment of 25% due September 2012 Construction on Vita Student at Crosshall commences. March 2013 CRM Students commence active marketing campaign to secure tenants for September 2014. November 2013 Second instalment of 25% due (minus £5,000 reservation deposit) March 2014 Quarterley instalments start for 6 year payment plan. July 2014 Completion of Crosshall building. Final instalment due for standard payment plan. Lease granted. 7 year scheme commences. September 2014 Tenants move in. January 2015 First instalment of assured rental return is paid.
  • 15. 26 27 “It has outperformed every other commercial property class and delivered consistent returns throughout the economic downturn.” The fact that UK studentn accommodation has thrived over ther e past two years, rapidly outpacing thet UK’s conventional property market,e y has not gone unnoticed. In fact its fastd n growth and investment strength hase been so prolific that in January 2012,J n The Times ranked studente t accommodation as the top asset classp in the UK’s property market.a e Knight Frank’s 2012 student propertye report added to the accolades, stating:c a An overviewAn overview of theo UK studentUUK stude property marketty markee // The Student Property Market When compared with other residential and commercial property, student property stands out as consistently offering higher returns for investors. 2010 saw student property offering annual average returns of 13.5% in a market where commercial property grew by just 8% and standard residential property fell in value by 1.3%. Average returns across the UK were 11.5% in 2011 and Knight Frank expects total returns from student property to increase in 2012 to 12% with rental yields growing by 5%. James Pullan, head of student property, Knight Frank, says: “There is a large structural undersupply of student accommodation in the UK”. “There is still strong and as yet unmet demand for properties offered to students for rents of less than £200 a week, offering investors a good opportunity in the coming years.” “New funding arrangements will come in September 2012 when tuition fees of up to £9,000 a year are introduced. However all the early indicators suggest that once again there will be more applications than places offered.” The best performing asset in the UK property market. The Times Past returns from Student Accommodation* Average studio rent £178 Average en-suite rent for 2010/11 £112 Average rental change (year to December 2010) 2% Average capital value charge (year to December 2010) 7% Rental yield (December 2010) 6% Total Annual Return 2010 13% Total Annual Return 2011 11.5% Forecast Annual Return 2012 12% * Source: Knight Frank Student Housing Report.
  • 16. 28 29 Demand at all time high The popularity of student accommodation amongst investors is ultimately driven by consistent occupancy rates of 99% or higher and a structural undersupply. Demand for purpose built student rooms amongst students is extremely high meaning average rental rates have risen year on year, increasing by 34% between 2005 and 2010. The strongest performance in student accommodation so far has naturally been centred around the most popular university towns and cities. Durham, Cardiff, Birmingham, Liverpool and Nottingham are all good examples of where residential property prices are relatively low yet rental rates are rapidly increasing due to the popularity of the local universities and the number of students attending them. Investors have not been slow to catch on and are capitalising on this. As a result investment in UK student accommodation has boomed over the last few years. CBRE, a world leading real estate adviser, recently released a report that stated £863 million was invested into student accommodation in 2011. This figure represents a significant increase of £93 million compared with 2010 and a staggering 120% increase on the amount invested in 2009. This growth trend is certainly continuing with CBRE’s 2012 Q1 report highlighting that £246 million has already been invested into the student housing sector during the first quarter of this year. If this rate continues student accommodation investment will be 12% higher than last year. The Future The face of the UK university education and, consequently, the student accommodation market is changing. Currently there is extremely high demand to attend university - a demand that far out-strips supply. In 2010 there were over 700,000 applications for just 490,000 university places. This demand looks set to continue particularly in top-flight university cities. Knight Frank reports on a ‘flight to quality’, with students seeking the best courses for their fees. This shift in turn is predicted to translate on to the student property market in the form of an increased demand for a higher standard of student accommodation. AEGON Asset Management’s Kames Capital believes there are huge opportunities for those investing in the sector. Its head of property investment, Phil Clark, said: “The alternative property sectors could offer some attractive opportunities in 2012. "In particular I believe investors should consider a greater exposure to alternative sectors such as residential property, student accommodation or healthcare property. One of the key attractions of these alternative sectors is they generally have a high income yield, an ability to track inflation and have low vacancy rates.” "Student accommodation demand for the best universities is leading to typical annual vacancy rates of less than 2 per cent." But that is not all. The growth in university applications has been significantly influenced by a rise in overseas students which is predicted to increase even more in the next academic year. In 2010 the number of overseas students applying to UK universities increased by 12.5%, and there were even more in 2011. Experts have cited the appeal lies with the quality of university education in the UK and competitive tuition fees on a global scale. Knight Frank believes the demand is going to keep on growing. Its 2011 student property report states: “Clearly, a UK university education continues to be held in high esteem around the world and this demand is set to expand exponentially in line with global wealth generation. The number of UK universities, by comparison, is a finite resource and looks set to remain so as government budgets are constrained.” Student demand for university places exceeds supply. UCAS 700,000 600,000 500,000 400,000 300,000 200,000 100,000 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: UCAS Surplus demand Accepted applicants In light of the recent increase in university tuition fees, this growing trend looks set to continue. The Sunday Times explained this is because “overseas students have a different fees scale and are less affected by the changes”. While higher fees may deter some domestic undergraduates and reduce applications, the amount of overseas students are not only forecast to remain unaffected, but are likely to increase. With numbers of EU and domestic students capped, universities are extremely keen to market themselves on an international scale to attract more overseas students. This affects the higher end of the student accommodation market as overseas students have a higher tendency to choose quality purpose built accommodation for ba number of reasons including security, location and facilities. Like overseas students, mature students also opt for higher quality student accommodation usually within private, purpose built developments and represent a growing demographic as Knight Frank’s 2011 student property report explains: “Changes in the way that higher education is provided in the UK will change the face of the student population. With universities under increasing pressure to provide more two-year degrees and work-based learning (particularly in professions such as surveying, accountancy, business and media), the number of mature, part-time and post-graduate students is likely to increase significantly, as is the average age of students.” In conclusion, the growth in the UK student property market over recent years and its generation of strong yields for investors has been well documented. However, several key factors including the increase in tuition fees and rising number of international and mature students has identified a shortage in the market of accommodation of a higher quality. With research suggesting that demand from students only looks likely to increase, investment in luxury student property now could prove highly lucrative for the savvy investor. Source: UK Higher Education International Unit / i-graduate USA Australia UK Canada Singapore New Zealand Netherlands Malaysia China Germany 0 5 10 15 20£,000 Country rankings - average annual tuition fees for overseas students USA 20% UK 12% France 8% China 7% Australia 7% Germany 7% Canada 5% Japan 4% All Others 30% Top host countries of international students 2010 Source: Atlas of student mobility, Institution of International Education USA Others UK Fr ChAuGe Ca Ja Source: UCAS EU (ex.Eire) Hong Kong Far East (ex HK/Mal) Malaysia Middle East Australasia Other Overseas Europe (ex EU) Americas Africa -5 0 5 10 15 20 25 Percentage change in international applicants to UK higher education institutions
  • 17. 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 final 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 specifically agreed with us in any further agreement we may make with you in writing. www.vitastudent.com Per info: GLOBINVEST Immobiliare info@globinvestimmobiliare.it Tel.  39 334 9327318