At DWPF, we are proud to be the leading financial adviser in the student accommodation sector. As such, we have acted on over 100 transactions since 2000, reaching financial close on approximately 50 of these. In the process, we have raised over £3.5 billion worth of capital for investment into the sector.
These many transactions include a number of landmark deals and market firsts, such as the first student accommodation estate transfer for an English university (UPP at Nottingham Trent University, 2002), the first institutionally funded demand-risk transaction in the sector (UPP at University of Reading, 2011) and the longest dated bond placement to date (Campus Living Villages/Opal, 2014).
The issues overcome and experiences gained in bringing such transactions to close means we are extremely well placed to provide insightful advice whether you work in the private sector or for a university.
In This Section
Private Sector Advisory
Purchase of Opal assets
DWPF acted as Financial Adviser to Campus Living Villages on the acquisition out of administration of a £270m portfolio of student accommodation assets.See Case Study
Our advice to the private sector covers both on-campus transactions featuring nominations agreements with university partners (PPP arrangements), as well as advice to clients developing off-campus accommodation without the benefit of contractual links to a university.
In either case, we can perform a detailed financial analysis to assess the viability of new schemes. This will be carried out using our knowledge of the range of different funding structures on offer in the marketplace and the underlying project assumptions likely to be bankable (e.g. rent levels, let lengths and occupancy rates).
We have unrivalled experience of PPP schemes, having worked with clients to develop solutions that satisfy the various university requirements, from risk transfer and associated balance sheet treatment, through to maximisation of capital receipts with on-market rent levels.
Our wide range of clients have included Campus Living Villages, ULiving, UPP, INTO, Urban Student Life and McLaren Properties amongst others.
University Financial Advice
University of Hertfordshire
DWPF provided financial advice to the University on the public procurement of 3,000 new student bedrooms at its College Lane campus.See Case Study
We have a vast amount of experience in this sector thanks to having worked on a number of highly significant and unique transactions over the last 15 years. This allows us to offer universities a greater insight and understanding into the approach taken by private sector sponsors and funders on PPP transactions.
Our highly skilled team can provided early stage strategic advice to universities on campus development and regeneration options. They can also develop the formal PPP procurement process through to the selection of the preferred bidder and financial close, and advise on the financial impact and value for money of a private sector refinancing proposal.
Thanks to our many years in this sector, we have worked with a wide range of university clients. These include such centres of higher education as the University of Hertfordshire, Nottingham University and the University of Lincoln.