Select Property Group launches its landmark 10th Vita Student residence in Glasgow

Select Property Group launches its landmark 10th Vita Student residence in Glasgow

Select Property Group has announced the launch of Vita Student Glasgow, its landmark 10th student accommodation residence.

Summary:

  • Select Property Group has announced the launch of Vita Student Glasgow
  • The residence will be Vita Student’s 10th development
  • Glasgow is one of the UK’s biggest student accommodation investment opportunities

Select Property Group has launched a new Vita Student investment opportunity.

Vita Student Glasgow will be Select Property Group brand’s 10th student accommodation investment opportunity following sell-out launches in Liverpool, Manchester, Exeter, Bristol, Southampton, Sheffield and Newcastle.

The brand has a 100% tenancy rate across its existing developments and is now the UK’s leading provider of experience-led student accommodation. The Glasgow residence will represent an evolution of the brand, offering market-leading accommodation informed by expert insight, student feedback and facilitated by the latest architectural advances.

Each fully furnished, self-contained apartment at Vita Student Glasgow has been redesigned to offer a more fluid living space, complete with a larger bed, stylish en-suite, and a Smeg-equipped kitchen. Like all other Vita Student residences, customers staying in Glasgow will enjoy 100Mb broadband, as well as a 32” flat-screen TV and licence.

Vita Student Glasgow also features a supermarket on the ground floor and for the first time, four-bed apartments, specifically added to address students’ growing desire to live with their friends within a Vita Student community.

As with all of the brand’s residences, Glasgow will ensure new students fully enjoy their university experience by offering communal facilities including Sky TV, Sonos music systems, Skype rooms, movie rooms, a gym, a dining room, sports facilities and lounges.

The residence is situated in the heart of Glasgow’s fashionable West End, just a few hundred metres from the new global entrance of the University of Glasgow – one of the UK’s oldest and most prestigious higher education institutions – and close to a £1.2 billion redevelopment of Glasgow harbour.

The public launch will enable investors to secure assets that offer a minimum annual NET return of 7% annual, assured for five years.

Glasgow has been independently verified as a prime city for student accommodation investment. It has been highlighted by Savills as a top tier location for student investment in the most recent publication of Spotlight UK Student Housing, while Zoopla found Glasgow’s West End to be the site of the UK’s highest student yields.

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