04 October 2015
Dubai, UAE: Select Property, a regional and global developer, retailer and operator of market-leading property investment brands, is pleased to announce the launch of its Vita Student Village in York - one of the UK's highest performing property markets with a projected rental growth of 26%.

With limited supply of student accommodation and a growing demand in the city, York is home to two of the UK's top universities, the University of York and York St John's University. With approximately 21,000 students in the city, 13,000 do not have access to dedicated student accommodation.

Select Property's award winning Vita Student brand will bring 649 beds to the city, creating a unique student village of 14 three and four story buildings. This will transform the historic 6.3 acre site which is in a highly desirable location for students within walking distance of both the city and its universities.

Adam Price, Managing Director - Middle East at Select Property Dubai comments: "This prime site in York delivers distinctive, high quality accommodation in an already popular student city and we're looking forward to sharing its opportunities with investors in the GCC region. Our end-to-end service means that we develop, sell and manage our properties, ensuring the best possible service for both customers and investors. With 435,495 international students studying in the UK and spending £6.3 billon on living expenses, this is the ideal addition to any savvy investor's portfolio."

British real estate is appealing to investors from all over the world, famed for its ability to deliver high long-term return on investment and York particularly is enticing property investors with a projected rental growth of 26%, which is 7% more than anywhere else in the UK.

Traditionally, GCC investors have favoured London property, but with soaring prices and sinking returns, many are looking further afield in the UK where property prices are as much as 10% below the national average and returns considerably higher.  

Student housing in the UK generates returns 50% higher than standard residential stock and with £4.2 billion spent on student accommodation in 2015, student property investment is quickly becoming the UK's best performing asset class.

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About Select Property:
Select Property is a global developer, retailer and operator of market-leading property investment brands.

Select Property controls every aspect of the investment lifecycle. We acquire the land, we develop the schemes, we sell the properties and then we manage the residences. This approach is revolutionary in the market and it gives us the ability to be totally accountable to our investor community.

The Group creates fully managed investment property brands that successfully align end user requirements with investor returns. Happy tenants equals healthy returns.

With a commitment to exceptional customer service, each Select Property brand achieves industry leading occupancy levels, resulting in high rental returns year on year.

Our brands always start with the end user. With a clear understanding of their requirements we create innovative property brands that are unique and meet our residents' exact needs. This approach guarantees occupancy levels and allows us to charge rental at a premium.

For media inquiries, please contact:
TOH PR
Laura Westmacott | Bianca Riley | Sivale Khalil
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© Press Release 2015