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white paper vita student_Layout 1 26/03/2013 14:13 Page 1 Select Property Student property investment research The Investors Guide to Student Property in Manchester A detailed insight into Manchester, home of the UK’s biggest student property investment opportunity. white paper vita student_Layout 1 26/03/2013 14:13 Page 2 Select Property // Student Property Report 03 An Introduction to Student Property in Manchester Contents Foreword by Giles Beswick 03 An introduction to student property in Manchester “Manchester is becoming a naturally popular choice among student property investors, hosting Giles Beswick of Select Property explains why Manchester is the some of the best-known universities in the country and being home to the largest student best city in the UK for student property investments. population in Europe. 04 An overview of Manchester This guide is aimed at showing you just why Manchester is the ideal location for a student An introduction to the thriving city of Manchester and its potential property project, boasting everything that creates a good environment for economic growth, for further growth in the future. and a rising number of students - in particular those from fast-increasing economies abroad. 06 International students in the uk Discover why international students are choosing to come to With UK education courses commanding higher tuition fees and the number of international the UK for their higher education. students in the country increasing all the time, we have seen a clear trend towards students expecting much more from their accommodation and a new requirement for luxury student 09 A university city property has emerged. What sets Vita Student apart from other student property brands is they Find out about Manchester’s long history as a university city, with have all the components to occupy this gap in the market and offer student consumers exactly its good reputation among students hoping to enjoy the entire what they want; and in so doing, providing investors with consistently high returns. university experience. By reading this guide, we hope to show you why Manchester is the ideal city for 14 Manchester – Ideal for student property investments a student property asset and just how Vita Student can lead you on your investment journey.” Learn how the growing demand for high-quality student properties led by an influx of international students creates great opportunities Giles Beswick for investors. Director, Select Property 20 Vita Student at First Street Vita Student at First Street is the ideal student accommodation project – read on to find out why. 23 About us Find out what Vita Student is and how to pursue a student property investment in Manchester. white paper vita student_Layout 1 26/03/2013 14:13 Page 4 Select Property // Student Property Report Select Property // Student Property Report 05 An Overview of Manchester Manchester’s economy Getting around The wider area of Greater Manchester consists Manchester Airport serves more than 18 Manchester Factfile of other cities, including Stockport, Bolton, million passengers every year. It has been Manchester is home to premiership Salford, Wigan and Manchester itself, voted the UK’s best airport, providing useful Manchester, home to world-famous football teams, top bands football teams Manchester United and collectively comprising 2.6 million people. transport links to around 200 destinations Manchester City Football Club. and some of the biggest businesses across the globe, is one of around the world. The airport is set to grow in The city has been given the title of the The region is one of the UK’s biggest importance as a £650 million project has been the best and most visited cities in the UK. Among the most World’s Best Sports City. important cities in England, Manchester offers visitors and economic influences and adds £46 billion to granted to develop and expand the global the economy annually. It also has the largest gateway. Top bands have come from Manchester, including Oasis and The Stone Roses. residents a long and interesting history, a thriving economy economy outside of London, growing at the and a powerful cultural scene. Not only does it boast a great fastest rate in the UK. Manchester is regarded It received the accolade for the Best UK Manchester was the birthplace of the as the biggest financial influence in the north Airport in 2012 by the Travel Weekly Globe computer, based on the work of Alan infrastructure to encourage business development and Turing. of England, and plays host to a substantial Awards, while Cushman & Wakefield named it investment, but it has some of the best leisure and number of FTSE 100 firms. as one of the top ten European cities for its Manchester opened the first free public entertainment facilities in the UK. transport facilities in its European Cities library in the world. Its top-quality infrastructure is one of the Monitor 2011. The atom was first split in Manchester most attractive reasons for businesses to in 1917. Its ever-growing popularity as somewhere to live in Britain in settle in Manchester, with an international turn creates profitable opportunities for investors, particularly airport, orbital motorways, trams, trains and Potential for growth those who want to make money in the student property market. a free inner city bus service. The city has two main railway stations, providing train Manchester is one of the most dynamic and What’s more, there will always be high demand for real estate in connections to the rest of the UK and around vibrant cities in Europe, let alone the UK, the city, as the population here keeps on growing. the region. Major work is currently underway creating excellent opportunities for investors. to increase its Metrolink tram service across Its exciting setting is driving people to the the city, and commuters can reach London in region who are subsequently establishing or just over two hours, enabling companies in helping to boost local businesses. The area’s Manchester to do business with firms all strong economic position also provides a around the country – and the rest of the positive environment for growing companies world. and creates a good atmosphere to conduct business with other booming firms. Manchester has the Home to two of the country’s largest 15th highest investment to universities and, with billions of pounds GDP ratio in the World. worth of investment being ploughed into the city, Manchester has a leading reputation for Jones Lang LaSalle education and enterprise. In addition to this, its increasing popularity among business owners and young professionals make it an even better and more attractive area to work, live and study in. white paper vita student_Layout 1 26/03/2013 14:13 Page 6 Select Property // Student Property Report Select Property // Student Property Report 07 Manchester - Europe’s This reflects the make-up of the international International largest international student student population across the UK, with HESA Students at UK HE institutions by revealing 62% of non-EU domiciled students population in 2011/12 came from Asia, and those from domicile 2010/11 and 2011/12 [HESA] Students in the UK China increased from the previous year by Domicile 2010/11 2011/12 % change Out of last year’s total figure of international 17%. students in the UK (428,225), north-west The UK is world’s 2nd largest host country to international Non-UK 428,225 435,235 1.6% higher education facilities served 33,415 The University of Manchester’s current Other EU 130,120 132,550 1.9% foreign students, a significant total of 13% of student body is made up of university goers students, with the number of foreign students studying here Non-EU 298,110 302,680 1.5% the UK’s total population of university from 180 countries, while its 240,000-strong increasing year-on-year. attendees. alumni come from 200 nations around the world. With regards to individual institutions, The University of Manchester was the UK’s most With regards to Manchester Metropolitan Top 5 largest HE recruiters of sought-after establishment for students University (MMU), 9% of its student international students 2010/11 [HESA] coming from abroad, as figures show it was population are from outside the UK (2,800 the largest recruiter of international students from 109 countries). Though this is far less Non-UK student numbers and percentages in 2010/11, with 10,490 foreign university than those studying at The University of Collectively, Manchester S. Korea at UK university institutions. Germany goers. This represented 26% of its total Manchester, together they result in a has 3,000 Chinese 183 The University of Manchester 10,490 26% significant number of foreign students living 214 Saudi Arabia student body. students – a thousand 250 University College London 9,350 38% in the north-west city. more than any other UK Hong Kong The university leads other world-famous The University of Nottingham 8,590 24% university city. 274 institutions in the country, boasting more Pakistan The University of Warwick 8,575 30% foreign students than University College The University of China 297 London, The University of Oxford and The 1,870 The University of Edinburgh 7,210 28% Manchester was the UK’s University of Cambridge, which came second, Cyprus most sought-after eighth and fifteenth places respectively. 306 establishment for students Nigeria The overseas country with the greatest coming from abroad in 388 population of students at The University of 2010/2011. Manchester is China, with 1,870 pupils. This number is substantially larger than the next Malaysia biggest group of international students – 601 India India. There are 711 students from India, 711 followed by 601 from Malaysia and 388 from Nigeria.