Portergate launches ‘The Final 42’ investment prospectus
An exceptional investment opportunity – The Final 42 – has been officially launched by Salford’s newest student accommodation provider.
The Final 42 investment prospectus from Portergate Property Management sees the last luxury rooms at Riverside House in Salford go on sale to investors with guaranteed yields and ‘buy back’ options.
Portergate has sold 200 rooms in the 242-hotel-class hall of residence, which opened its doors to students in September, in a purpose-built accommodation building on the River Irwell close to the University of Salford and to Manchester city centre.
Portergate has new student accommodation projects in the North West worth more than £20 million and has more than 500 en-suite bedrooms built, on site or with planning permission.
The company has already attracted major interest from overseas investment with its boutique student living concept and has performed extremely well at investment trade shows in China recently.
Final 42 prices at Riverside House start from £59,000 with a guaranteed 8% yield and a Buy Back option after five years at 10% above the initial investment cost.
Company chairman Anthony Jackson is expecting strong demand for his high-performance investment and says: “We have sold a lot of rooms at Riverside House to overseas investors who see the enormous potential in the UK student investment market.
“With the economy growing in the UK we are now also seeing interest from individuals and groups looking for a guaranteed, high return for their money, especially when compared with traditional High Street saving rates.
“With 200 units sold already we expect the final 42 to go quickly. And we are already making plans for future releases in our other North West property portfolios.”
Portergate was one of the star exhibitors at the Overseas Property Investment Show in Shanghai in September, a major international event attracting 130,000 visitors and featuring hundreds of specialist exhibitors from 30 nations across the globe.
Anthony Jackson commented: “The student accommodation sector is seeing continuing growth and is a real property success story in the UK.
“Overseas investors see the UK as a solid and strong place in which to invest their money and are excited by our plans and growing portfolio of developments.
“Riverside House is within walking distance of the University of Salford, which each year attracts more than 3,000 international students from more than 100 nations around the globe.
“We’re building on the continuing success of Britain’s higher education sector and the growing demand today’s students – and their parents – have for purpose-built, quality accommodation. They are investing in their children’s future and so are we.”
For further information on Portergate, investment opportunities or to reserve accommodation, please call +44 (0) 844 245 2688 or visit www.portergatepropertymanagement.com