The Treo team are excited to announce the final phase are the very popular One London Road, purpose built student development. Comprising of 282 fully furnished self contained premium studio apartments, set over 5 buildings, we have seen huge investor appetite for this project. The proven track record of this leading student developer, has attracted investors worldwide, selling out the previous 3 phases, and retaining phase 4, for his own pension, giving investors further confidence on the future of this scheme.
Located in the heart of Newcastle Under Lyme, the development occupies the prime position for students of Keele and Staffordshire Universities. The area is already under supplied with PBSA and with the continued growth and investment going into both universities, Keele has forecasted an increase of 7,700 to over 12,000 students over the next 5 years, making One London Road a welcomed addition.
Our decison to market One London Road as part of our student collection, was a simple one. The development, has all the key fundamentals, when deciding to make an investment in this high performing sector.
The developers excellent track record, was the first factor we considered. With an established student portfolio, already active in the market place, achieving some of the highest returns, this can give you a true reflection on what to expect.
Secondly, we look at the University numbers and courses available to students. A real positive sign for OLR, is the large student numbers across the universities combined with the under supply of premium student developments.
In addition to this, a few minutes away from the development is the Royal Stoke Teaching Hospital, with a course length of 5 years, making OLR a perfect long term home.
The location of One London Road will appeal to 27,000 students, across 2 universities and Royal Stoke Teaching Hospital.
Abode have had great success in delivering multiple student developments into this sector, with investors capitalising on excellent returns of up to 10% Net.
JLL forecast a further 500,000 full time UK students by 2030, leading to an expected new student to new bed ratio to increase above 3:1.
PBSA is the fastest growing and most in-demand accommodation choice among UK students today. One of the best performing asset classes in the UK over the last 10 years.