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Vita Student Newcastle, Westgate

From 2016, a new era for PBSA in Newcastle.

HUGE DEMAND

Investors sold out Westgate in just five months

COMPLETED

Development opened in September 2016

£29.7 MILLION

Outstanding development with a £29.7 million GDV

ASSURED RETURNS

Investors assured annual yields over the next five years

Investment Overview

259 units

GDV of £29.7 million

Opened September 2016

Contractor: Carillion

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HIGHLY ANTICPATED PBSA IN A CITY OF SHORT SUPPLY

One city, one huge student market. Newcastle is home to 50,000 students and just 10,000 dedicated beds. PBSA is what they want – and they’re willing to pay for it. The investment potential is substantial, prompting investors to sell out Vita Student at Westgate, Newcastle just five months after launching. A residence constructed by Carillion, finished to the highest standards, a prime location and with a service from an award-winning brand. Newcastle’s PBSA market is about to be changed forever.

A LOCATION FOR THE GROWING INTERNATIONAL STUDENT POPULATION

Safe, central and close to university. These are the PBSA parameters sought by international students. Nowhere is this criteria more profound than in Newcastle, a city which has seen a 30% increase in overseas students in just 10 years. Select Property Group knew this. With Vita Student at Westgate, we’ve sourced a location that has it all. Within sight of the train station. Close to the city’s famous bars and restaurants. And within minutes’ walk of the city’s two universities. A location that will make students feel at home in their new city.

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A MARKET OF RENTAL PREMIUMS

PBSA is what students want. But, in Newcastle, finding it isn’t so easy. A 5:1 demand to supply ratio underlines the shortage of dedicated beds in the city. It means that existing PBSA stock in Newcastle carries 70% rental premiums, the second highest in the UK. Vita Student at Westgate will capitalise on this imbalance. But crucially, an experience-led service that increases tenant satisfaction will protect the longevity of the investment. Students will want to live here year after year. And investors will see their returns flourish.

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