Student accommodation fund Coral has predicted NAV could rise by as much as 2% by the year end.
Record numbers of student lettings took place this year and university accommodation transactions in London are expected to surpass all previous records next year, potentially reaching £1.5bn before 2015.
In this student year, Coral’s accommodation investments have achieved and, in some cases, exceeded return expectations.
Existing student housing schemes have benefited from CIL and planning permission costs, slowing the delivery of new accommodation and ensuring demand has remained high. Many established operators have achieved 100% occupancy and rental growth.
John Kennedy, Coral’s chief executive, said: “There are huge opportunities ahead as the UK model leverages the strength of London and goes global. We are firmly at the forefront of this global opportunity and our immediate results are very much London driven.”
