The GR8 Space Group have formed a new investment company – GR8 Space for Students – whose aim is to develop brand new, high quality, student accommodation, aimed at the growth area of overseas students and also appealing to postgraduates and mature students.
Those students demand longer leases (virtual annual leases) in high quality, individual studio or apartment accommodation, away from the ‘livelier’ undergraduates, whilst still being in dedicated student blocks with like minded people.
The proposed schemes will provide everything students could want, such as contemporary en suites, built in kitchens, free broadband, utility bills included in their rents, an on site laundrette and full time on site management staff.
The investments are aimed at maximising annual income for the investors and have been designed around SIPPS investors at retirement age. The sector has remained stable through the credit crunch with student rents continuing to grow strongly. By targeting overseas students (who have always paid the higher tuition fees currently proposed for UK students) and also universities with high numbers of vocational courses (Law, engineering etc) GR8 Space for Students offer the strongest platform for investment in this already stable sector.