Vita is now seeing interest from Kuwaiti investors following recent successes in Singapore.
Luxury student property specialists Vita Student have already seen an influx of interest from investors in South East Asia prompting the opening of an office in Singapore but the brand have also seen a surge in interest from investors in Kuwait.
As Select Property are the sales and marketing partners for Vita, representatives from both companies are flying out to Kuwait to put on a seminar, informing potential investors of the Vita developments and the thriving student property market.
Max Bielby who will be representing Select Property at the seminar commented: “Kuwait represents an excellent opportunity for Vita. Investor appetite here is extremely strong for this kind of product. This has been highlighted over the last 8 weeks with Kuwaiti investors taking over 11% of all Vita units sold so far.
“Select Property have utilised a wide investor network in the Middle East to spread the word about the seminars.”
Vita’s first development, Vita at the Chapel sold out in a matter of weeks and the second offering Vita at Tinlings is now in limited availability with 100 units already sold.
Investors are keen on the Vita projects as they offer a certain luxury that is not seen in other developments and traditional house shares. The developments encompass self-contained studios and apartments with individual kitchens, bathrooms and living areas that you would expect in a four-star hotel as opposed to student accommodation.
Vita representative, Justin Humphreys who works in the Singapore office commented: “I think it’s great that Vita and Select are joining forces in Kuwait, it proves that the UK student property market is appealing to those in the Middle East as well as those in South-East Asia.
“The fact that Vita is more luxury than other student developments creates more of an appeal with international investors, especially those who want their children to undertake a British university education as they know that there is safe, high-quality accommodation available.”
Vita will be showcasing their third development Vita at Crosshall at the seminar which is currently not on sale to the general public giving those investors attending the seminar an exclusive preview.